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Goldman Sachs Holding Off On Fresh USD Shorts, For Now

DOLLAR

Goldman Sachs note that "strong performance from the Democrats could weigh on the USD, due to the Biden campaign's plans to raise the corporate tax rate and expand government spending, and because a potential Biden White House would likely take a different approach to many foreign policy issues… We are holding off on recommending new Dollar shorts for now as we await more information on how the President's health situation will affect the race. But we view current levels as relatively attractive to express our positive cyclical views - especially if polling continues to indicate a sizable lead for Biden."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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