Goldman Sach: USD looks a little overvalued now

In its latest research note, analysts at Goldman Sachs see the US dollar outperforming further against most European currencies, while expect the buck to underperform against the commodity-currencies.

Key Points:

USD to outperform further, against GBP, JPY, EUR, CHF, & SEK

USD to underperform against NZD, CAD, NOK & AUD

Appreciation in the USD is likely moving into late stage

Those long USD should move a little more neutral, further gains in the USD will be smaller with the currency a little overvalued right now

See growth picking up ex-US, which will reduce the potential for divergence in monetary policy for the balance of 2017