The dollar could depreciate by 15% by the end of 2023 — and a larger dip is “certainly possible”, Goldman Sachs said.
The US investment bank’s note followed a tumultuous week for global markets in the run-up to the US election on 3 November, as a second round of lockdown measures in several large European economies came with the vanishing prospect of US politicians agreeing an economic stimulus package ahead of the vote.
