TechFlow, July 23 — According to Jinshi Data, the recently reached trade agreement has reduced uncertainty that had been weighing on the dollar, but the currency has little room for a rebound. Goldman Sachs economists said in a report, "Broadly higher tariffs will weigh on the U.S. relative outlook, continuing to undermine the strength of the dollar." While the deal with Japan has improved Wall Street sentiment, Goldman noted it remains to be seen whether Japan's pledged $550 billion in investment into the U.S. will materialize. Questions also remain about how tariff costs will be shared among exporters, importers, and consumers.
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