13 hours ago
Middle East War Reset Dollar's Inverse Link to Stocks, Goldman Says
This month's geopolitical tension focused on the Middle East is re-establishing the dollar's traditional inverse relationship with risk assets, according to Goldman Sachs Group Inc.
The last eight trading sessions saw the greenback move in the opposite direction of the S&P 500 Index, in contrast to the positive link to risky assets seen amid the broader selling of US holdings after President Donald Trump launched his trade war earlier this year, Goldman strategists including Stuart Jenkins, Teresa Alves and Isabella Rosenberg wrote in a note Wednesday.
