Dollar Bears Take Note – Currency traders are underpricing the risk of fresh tariffs from the Trump administration, bolstering the appeal of the dollar and the outlook for further gains, according to strategists at Goldman Sachs Group Inc. “Ultimately, not all tariffs are equal when it comes to FX,” wrote Goldman’s Karen Reichgott Fishman and Lexi Kanter in a Thursday note. “But given the unwind of premium in key crosses in recent weeks, we once again think tariff risks look underpriced, making long dollar exposure now look even more attractive.”
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