# Goldman Sachs dumps dollar as reflation trade retreats - Asia Times

> Goldman Sachs removed its long-dollar view against the euro, sterling and the Chinese yuan from its top trades list. The bank cited Trump's calls for a weaker dollar and the Fed's dovish tone. Goldman still expects U.S. inflation to accelerate eventually.

- Date: 2017-04-19 · published 2017-04-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/71688-goldman-sachs-dumps-dollar-as-reflation-trade-retreats-asia-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A major bank dropping its long-dollar call reflects expectations of a softer dollar, which would support dollar-priced commodities in the near term.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-04-19 | [Goldman Sachs: We’re closing two of our long-dollar ‘top trades’](https://feedsoft.ai/events/71410-goldman-sachs-we-re-closing-two-of-our-long-dollar-top-trades.md) | +0.2% | -0.2% |
| DXY | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | +0.8% | -1.1% |
| DXY | 2026-05-17 | [Dollar retreats as traders focus on Iran, Fed policy](https://feedsoft.ai/events/19471-dollar-retreats-as-traders-focus-on-iran-fed-policy.md) | +0.0% | +0.0% |
| DXY | 2017-03-28 | [Stocks, dollar  slip as Trump  trade deflates](https://feedsoft.ai/events/72195-stocks-dollar-slip-as-trump-trade-deflates.md) | +0.6% | +0.1% |
| DXY | 2021-04-19 | [Goldman Sachs backs the euro as the dollar hits two-month lows](https://feedsoft.ai/events/47789-goldman-sachs-backs-the-euro-as-the-dollar-hits-two-month-lows.md) | -0.3% | -1.2% |

## Sources

- asiatimes.com: https://asiatimes.com/2017/04/goldman-sachs-dumps-dollar-reflation-trade-retreats/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.