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Goldman Sachs: Trump's Dismissal of US Labor Bureau Director is Unfavorable for the US Dollar

Summary: According to reports, the US dollar continued its decline on Monday due to market expectations of a Fed rate cut in September and increasing concerns about the reliability of US data. Goldman Sachs analysis indicates that Trump's replacement of the Bureau of Labor Statistics (BLS) director may weaken market confidence in US policy credibility, prompting ...

According to reports, the US dollar continued its decline on Monday due to market expectations of a Fed rate cut in September and increasing concerns about the reliability of US data. Goldman Sachs analysis indicates that Trump's replacement of the Bureau of Labor Statistics (BLS) director may weaken market confidence in US policy credibility, prompting investors to reassess their risk strategies. The bank predicts that the US dollar will further weaken, especially against the Japanese yen exchange rate.

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Link: Goldman Sachs: Trump's Dismissal of US Labor Bureau Director is Unfavorable for the US Dollar [Copy]

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