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Trump’s right on the money: IMF finds the US dollar is overvalued, the Euro is undervalued for Germany
| 07/18/2019 | Posted by BusinessMediaguide.Com under General World News |
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- President Donald Trump’s calls for a weaker US dollar have received fresh support from the IMF, which says the currency is between 6% and 12% overvalued.
- IMF analysts also said the euro is undervalued by 8% to 18% for the German economy, while the Chinese yuan appears to be fairly valued but there are “large uncertainties” around the currency.
- “Whilst Trump has never been the biggest fan of multilateral institutions such as the IMF, he may very well be now!” one analyst said.
- View Markets Insider’s homepage for more stories.
President Donald Trump thinks the US dollar is too strong. The International Monetary read more >>>
Source:: BusinessInsider.Com
