According to online reports, Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs Group, talked about the outlook of the US dollar and expected "the US dollar will depreciate further" because according to Goldman Sachs 'exchange rate model, the US dollar is still overvalued by about 15% compared to the long-term fair value. "We are also seeing signs that foreign investors may at least slightly reduce their investment allocations to the United States, which is also net negative for the dollar," Tilton added. He also pointed out that U.S. policymakers also seem to want the dollar to depreciate.