Goldman Sachs: Expects the US dollar to continue its decline against Asian currencies

ChainCatcher message, Goldman Sachs stated that after the recent progress in trade negotiations, the possible direction for the USD/Asian currency pairs remains downward. It noted that despite the recent progress in trade negotiations between China and the United States, the main themes in the market have not changed. These themes are: the trend of gradually diversifying investments away from U.S. assets is likely to continue; Asian exporters are expected to continue converting dollars into local currencies; if the Asian region engages in trade negotiations with the United States, currency depreciation may become more difficult.