Goldman Sachs Group added its voice to a chorus of expectations of a weaker dollar after the US central bank’s clearest sign yet that interest-rate cuts are coming.

Goldman Bank’s exchange-rate forecasts were altered following the Federal Reserve’s interest-rate cuts, causing hedge funds and speculators to shift to a net short position against the dollar.The yen and krona gained 2% against the dollar last week, with the krona adding 1.9%. Goldman predicts a weaker dollar next year.