Goldman Sachs: Although a trade agreement has been reached, the US dollar will still be under pressure.

Recent trade agreements have reduced the uncertainty that has been weighing on the US dollar, but the dollar has little room for rebound. Goldman Sachs economists stated in a report that "broadly increased tariffs will put pressure on US relative prospects, thus continuing to weaken the strength of the US dollar." While the agreement with Japan has improved sentiment on Wall Street, Goldman Sachs said that it remains to be seen whether Japan's promised $550 billion investment in the US will materialize. There are also doubts on how tariff costs will be shared among exporters, importers, and consumers.