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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.



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