Goldman Sachs: Trump's Firing of US Labor Department Head is Negative for the Dollar

BlockBeats News, August 4th, the US dollar continued its decline from Friday as the market's expectations for a September rate cut by the Federal Reserve increased, and concerns about the reliability of US data intensified.

Goldman Sachs analysis pointed out that President Trump's replacement of the Commissioner of the Bureau of Labor Statistics (BLS) may undermine the market's confidence in US policy credibility, prompting investors to reassess their risk mitigation strategies. The bank expects the US dollar to weaken further, with particular pressure on the USD/JPY exchange rate. (Bloomberg)