Goldman Sachs: Expects the US Dollar to Continue Declining Against Asian Currencies

According to TechFlow from ShenChao, on May 14, Jin10 Data reported that Goldman Sachs stated that following recent progress in trade negotiations, the likely direction for the USD/Asian currency pairs remains downward. Despite recent advancements in US-China trade talks, the main themes in the market remain unchanged. These themes are: the trend of gradually diversifying investments away from US assets is expected to continue; Asian exporters are likely to keep converting US dollars into local currencies; if the Asian region engages in trade negotiations with the US, currency depreciation may become more difficult.