AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Goldman Sachs The Markets
Why markets will be living in a strong US dollar world
Dec 8, 2023
The podcast discusses the projected decline of the US dollar in a slowly declining market, as well as the factors influencing it. It explores the concept of de-dollarization and its challenges, as well as its potential impact on emerging markets. The struggles faced by emerging markets due to the strong US dollar and weaker growth in China are also highlighted.
10:00
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The US dollar is expected to decline slowly and bumpily as the global economy improves, but it is likely to remain strong compared to other major currencies.
- Emerging markets are anticipated to experience a more optimistic outlook in 2024, with the potential for decreased US dollar rates and increased fund inflows, supporting positive total returns.
Deep dives
Central banks expected to start cutting rates in 2024 due to declining inflation
2024 is projected to be the year when most central banks around the world start cutting rates as inflation returns to target levels. The decline in inflation, including core inflation, allows central banks to normalize rates from high levels. Emerging markets have already begun cutting rates, with the ECB, the Fed, and the Bank of England expected to follow suit in that order. This expectation has already impacted interest rates and led to a sell-off in the US dollar.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode