Goldman Sachs sees broad-based US dollar decline next year

The US investment banking giant Goldman Sachs published its macroeconomic outlook report for 2019 on Monday, with the key highlights found below.

Expects a broad fall in the dollar next year as the US economic growth slows to be more in line with the global average.

Revises it long-standing bearish view on the Japanese yen

Expects Latin American currencies, the Swedish krona, Canadian, Australian, and New Zealand dollars and Israeli shekel to rise.

Most near-term upside among major currencies is tipped to be the Canadian dollar, Australian dollar, New Zealand dollar.

 Latin American currencies should outperform its emerging market peers next year; Chilean peso having the best scope to rise.