Goldman Sachs Says Hawkish Fed Replaces High Oil Prices as Key Support for U.S. Dollar

Goldman Sachs said a hawkish Federal Reserve has replaced high oil prices as the U.S. dollar’s core source of support. According to Jin10, the bank said the European Central Bank is taking a wait-and-see approach on policy, while the Japanese yen faces difficulties tied to potential intervention. Goldman Sachs added that the euro and the yen have remained under short-term pressure in foreign exchange markets.