Dollar Is Now An AI Trade "In Good Times And Bad": Goldman Sees One Last Greenback Push Before The 2027 Turn

Remember the death of the dollar?

After a 2025 spent hedging, diversifying and writing obituaries for American exceptionalism, the greenback is ending 2026 right at its highs, with EUR/USD back at levels not seen since Liberation Day, the DXY at its highest since April 2025 and USD/JPY knocking on 160. Or, as we put it this morning:

Back In "Overvalued" Territory