Via Bloomberg comes this on the Federal Reserve from Goldman Sachs
GS expect the Fed to downgrade long-run target rate of its hiking cycle by 25 bps to 3%
- This would lead to a weaker USD
- It would be 3rd time since September of 2015 the Fed has cut its long-run target rate
GS add that if, however the is left unchanged, it could signal Fed isn't re-evaluating policy normalization & could lead to a USD rally in coming weeks,
- Another positive for the USD would be if the Brexit vote was 'remain'
