Goldman Sachs: There is a direct intervention to weaken the USD

Goldman Sachs’ Zach Pandl told that there is a “strengthening case for dollar intervention at this point.”

“We do think that there is a rising case for direct intervention to weaken the dollar by U.S. authorities,” Pandl told. “This is something that is fairly uncommon, so we need to be taking it somewhat seriously, but this is the type of environment that intervention is designed for.

“The Fed and the Treasury intervene to combat disorderly markets, and that’s definitely what we’ve been seeing in foreign exchange over the last couple of weeks,” Pandl said.

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance