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Goldman likes med-term USD upside ahead of the US election

2024-12-30FOREXLIVEFOREXLIVE
Added advantage of being a hedge against non-US political risks as well
  • Upcoming debate could put some short-term focus on upcoming US elections
  • Likes med-term USD upside exposure
  • USD upside exposure has added benefit of hedging against non-US political risks (France)
  • Thinks the most negative scenario for both the USD and the S&P500 is a democrat sweep, while the most positive scenario for both is a republican sweep

Below is a breakdown of their estimates for what the various election outcomes will mean for the S&P, major pairs and for 10Y treasury yields.

Goldman on US election outcomes
Goldman on US election outcomes

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