Goldman Sachs foresee a "choppy dollar downside in the months ahead"

The Goldman Sachs analysts, in their latest client note, have drawn parallels with the macro environment facing the US dollar today and in the 1980s.

Key Quotes:

“Current US-China trade tensions compared with similar US-Japan in the 80s.

Fading fiscal stimulus, more accommodative monetary policy likely to lead to US dollar fall.

Foresee a "choppy dollar downside in the months ahead".

See USD/CNY above 7 in the next three months.

See near-term strength for EUR and JPY.”