Goldman Sachs Morning Market Update: June 9, 2026

Key Takeaways

• 1.The US Dollar maintains its dominance despite growing secular trends toward fragmentation, as there is currently no viable substitute that combines market depth and return profile.
• 2.GS advises holding USD long positions against low-yielding G10 currencies (EUR, CHF, CAD) fueled by 'U.S. exceptionalism', strong data, and AI outperformance.
• 3.Brazilian rates (DIs) face significant selling pressure with the curve pricing in rate hikes; the market lacks an anchor as the previous cutting cycle is abandoned.

Table of Contents

• 1) De-Dollarisation Webcast: Key Takeaways
• 2) GS Weekend Macro Call
• 3) BRL Updates
• 4) IDR Updates
• 5) SPX/Rates

Report data

Monthly GS Client G10 Vega Demand ($bn)

Reports in this series

GS Morning Market Update is shown in chronological order through this edition, published on June 9, 2026.

Part of the GS Morning Market Update series — view all 11 editions

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