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It's The Flows, Stupid! Goldman Outlines FX Landscape For Continued Dollar Depreciation

Business June 17, 2025

With the dollar trading a three-year lows, and consensus growing shorter and shorter the greenback, Goldman Sachs FX analysts Kyra Wang frames the current FX landscape below, highlighting the ongoing expectation for dollar weakness, but also admitting that options traders have slipped the tails of a more extreme dollar depreciation waterfall in the short term...

its the flows stupid goldman outlines fx landscape for continued dollar depreciation

Goldman's latest positioning metrics show an increase in USD shorts...

Next article: Go Big (On Bill Issuance), Or (Equity Bulls) Go Broke Next

Authored by Tyler Durden via ZeroHedge June 17th 2025

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