0205 GMT - Goldman Sachs maintains its broadly bullish outlook on dollar versus Asian currencies, partly supported by even firmer dollar outlook for this year, its Research team says in a note. GS refreshes its USD/Asia FX forecasts taking into account December's FX movements and its economists' Fed rate-cut projection revision following Friday's strong non-farm payrolls report.The U.S. investment bank raises its USD/JPY forecasts to 160 from 155 for next three months, 161 from 157 for next six months, and 162 from 159 for next 12 months. GS also raises some other dollar/Asia FX forecasts, such as USD/SGD to 1.3900 from 1.3600 for next three months, 1.4000 from 1.3800 for next six months, and 1.4100 from 1.3800 for next 12 months. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 12, 2025 21:05 ET (02:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.