Goldman Sachs: Despite reaching a trade protocol, the dollar will still be under pressure.

Jin10 data reported on July 23, recent trade agreements have reduced the uncertainty that has been pressuring the dollar, but there is almost no room for the dollar to rebound. Goldman Sachs economists stated in a report, “Widespread tariff increases will put pressure on the relative outlook for the U.S., thereby continuing to weaken the strength of the dollar.” Although the agreement with Japan has improved Wall Street’s sentiment, Goldman Sachs said it remains to be seen whether Japan’s commitment of $550 billion in investments in the U.S. can be fulfilled. At the same time, there are also questions about how the tariff costs will be shared among exporters, importers, and consumers.