Drop the Big Mac, Pick Up an iPhone to Divine Dollar’s Direction

Updated on
  • Nomura’s gauge takes opposite view to other valuation indexes
  • U.S. currency weaker in 2016 as Fed starts two-day meeting

Big Mac and iPhone Indexes Clash on Valuations

Investors accustomed to using the price of a Big Mac to tell whether a currency is cheap or expensive may have to reboot their thinking.

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