Goldman Sachs has shifted to a slightly more aggressive stance in its global foreign exchange recommendations amid what it sees as a 'tentative stabilization' in global growth and a cooling of geopolitical risk.
The bank recommended investors go long on Swedish Krona against the euro, suggesting that Sweden, as the most open economy in the G-10 , stands to benefit from improving global growth sentiment.
Goldman has opted for "dollar-neutral carry trades" in emerging markets, such as backing the Indonesian Rupiah against the South Korean won , identifying the former as the "most attractive Asian high-yielder."has shifted to a slightly more aggressive stance in its global foreign exchange recommendations amid what it sees as a "tentative stabilization" in global growth and a cooling of geopolitical risk.
In a note to investors published late on Friday, the Wall Street giant said it sees greater opportunities in the global FX market, after major risk events such as a
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