Behind the Dollar's Woes
Just about everyone thinks European currencies and the Japanese yen are hugely overvalued against the U.S. dollar at present levels. Goldman Sachs (GS), for instance, says its "fair value" measure for the dollar against the euro is $1.21, not today's $1.56. But many analysts now think that in the next few weeks the dollar could be hit with yet more declines.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.