Goldman Sachs is saying that the dollar is going to have a rally. I hope this is true since I have a lot of money held in the US dollar and I need to get it into some much better currencies. The problem I have with taking advice from Goldman Sachs is that they were bailed out by the US government. The fact that they couldn’t properly predict their own economic problems to the point that they should really be in bankruptcy is something that disturbs me. I’m not sure if I’ll act on such advice. I suppose since I hold a lot of assets already in US dollars that I already have that vested interest. Well, I thought I’d let you guys know.

July 27 (Bloomberg) — The dollar may remain weak until the U.S. economy improves, Goldman Sachs Group Inc. said.

“Cyclically, we are not yet in a situation where the undervalued dollar could perform better,” Thomas Stolper, an economist in London, wrote yesterday in a report. “U.S. demand has to grow more strongly, which we do not expect anytime soon. Once foreign investors believe the rebalancing is well on track, we would expect them to gain more confidence in U.S. assets, and the dollar would naturally re-appreciate.”

Goldman Sachs maintained a bet the euro will rise to $1.45. It gained 0.3 percent to $1.4248 as of 7:06 a.m. in London.