Goldman Sachs Predicts Downward Trend for USD/Asian Currencies Amid Trade Talks

According to BlockBeats, Goldman Sachs has indicated that despite recent progress in trade negotiations, the USD/Asian currency pairs are likely to continue their downward trend. The recent developments in trade talks between the United States and China have not altered the primary market themes. These include the ongoing diversification away from U.S. assets and the tendency of Asian exporters to convert dollars into local currencies. Additionally, if Asian countries engage in trade negotiations with the United States, it may become more challenging for their currencies to depreciate.