U.S. Dollar to Japanese Yen (USD/JPY)

U.S. Dollar to Japanese Yen (USD/JPY) Goldman Sachs has updated its projections for the USD/JPY exchange rate, anticipating the U.S. dollar to reach 155 yen in three months, 150 yen in six months, and 145 yen in 12 months. Image: Goldman Sachs Global Investment Research

U.S. Dollar vs. S&P 500

U.S. Dollar vs. S&P 500 The market is responding positively to good news, as indicated by the recent divergence between the S&P 500 and the U.S. dollar (inverted). This suggests a renewed sense of optimism in the market. Image: BofA US Equity & Quant Strategy

U.S. Dollar vs. S&P 500 Index Forward Price/Earnings

U.S. Dollar vs. S&P 500 Index Forward Price/Earnings Keeping a close eye on the correlation between the U.S. dollar and S&P 500 valuation multiples is essential, especially considering the potential end of the greenback’s bull market cycle. Image: Morgan Stanley Wealth Management

Euro to U.S. Dollar (EUR/USD)

Euro to U.S. Dollar (EUR/USD) The euro’s decrease in value relative to the U.S. dollar seems to be a result of underlying structural factors. Image: Gavekal, Macrobond

U.S. Dollar Index (DXY)

U.S. Dollar Index (DXY) BofA predicts that the U.S. dollar has the potential to rally to $105.50/$106 in Q1 2024. A stronger U.S. dollar often poses challenges for U.S. stocks. Image: BofA Global Research

U.S. Dollar Strength vs. Frequency of Reported Revenue Beats

U.S. Dollar Strength vs. Frequency of Reported Revenue Beats A weaker U.S. dollar is correlated with more revenue beats, reflecting the potential benefits of currency depreciation on corporate financial outcomes. Image: Goldman Sachs Global Investment Research

EM/DM Relative Performance vs. U.S. Dollar

EM/DM Relative Performance vs. U.S. Dollar The strength of the U.S. dollar can affect the relative performance of EM/DM equities. A weak U.S. dollar has historically led to outperformance of emerging market equities. Image: BofA Global Investment Strategy

Euro to U.S. Dollar (EUR/USD)

Euro to U.S. Dollar (EUR/USD) Goldman Sachs has a positive outlook on the EUR/USD currency pair, suggesting that the euro will strengthen against the U.S. dollar. Image: Goldman Sachs Global Investment Research

S&P 500, U.S. 10-Year Yield and U.S. Dollar Index

S&P 500, U.S. 10-Year Yield and U.S. Dollar Index Peaks in the U.S. dollar and U.S. 10-year Treasury yields are seen as essential to catalyze a year-end rally in the S&P 500. Image: BofA Global Research

Total Return Performance of Major Global Financial Assets in U.S. Dollar

Total Return Performance of Major Global Financial Assets in U.S. Dollar During periods of uncertainty and increasing geopolitical tensions, investors frequently seek the safety of gold as a safe-haven asset, which can drive up its price, as was the case in October. Image: Deutsche Bank