Euro Is G-10’s Most Undervalued Currency by OECD Measure

The euro is trading well below its fair value, according to at least four different measures, lending credence to reported comments by U.S. trade adviser Peter Navarro that the single currency is “grossly undervalued.” The euro is undervalued by anywhere between 9 percent and 25 percent the measures indicate, with the OECD’s purchasing-power parity showing the shared currency as the lowest relative to its fair value among its Group-of-10 peers.

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