Three currencies to buy: yen in market focus

Three currencies to buy: yen in market focus Goldman Sachs Group Inc. recommends foreign exchange deals for investors who want to focus on rising interest rates. The nervous fundamental background of the dollar increases the opportunities for profit in cross-pairs. Bank analysts are confident that the Japanese currency will be the most useful.The dollar strength indicator has fallen 1.5% this year, opening up opportunities for currencies with a clearer outlook, such as the yen, which remains under pressure from BOJ policy.It is thanks to the euro and commodity currencies that it is easiest for speculators to make money on the stock market, since EUR, AUD, CAD, and NZD are most sensitive to interest rate dynamics. Bankers recommend buying the yen to bet on lower US interest rates or selling it to play the opposite scenario. For example, you can sell the Australian or Canadian dollar against the yen, while bulls can buy the euro against the Japanese currency.By the way, have you heard the latest news?Democrats and Republicans have agreed to raise the US debt ceiling by $1.5 trillion. , but the market ignores this fact so far. It's simple - these agreements have been reached in the Lower House of the US Parliament. And the condition for adjusting the level of public debt is also simple: you need to return US government spending to the level of 2022. Growth is possible by no more than 1% per year - by 58 billion rubles.The problem is that if this Republican bill is passed, the Democrats will have to: close several social programs; Remove tax incentives for renewable energy sources.That is, Democrats should publicly backtrack on their publicized promises in the pre-election year. It is unlikely that the bill in this edition will be adopted by the Democratic Senate and signed by Biden. So the games with the American budget continue.Let's see what happens.Profits to yall!#ForexChief #GoldmanSachs #forexnews #StopLoss #stocks #market #profit #Traders #BOJ #AUD #CAD #NZD