The International Monetary Fund (IMF) has concluded that the current exchange rate of the US dollar is significantly overvalued. Taking into account the main short-term economic indicators, the dollar is overvalued by 6-12 percent, according to an IMF report released on Wednesday, July 17. At the same time, the euro, Japanese yen and Chinese yuan rates are at an acceptable level.
US President Donald Trump is constantly complaining that the dollar is too high and as a result hinders US exports. In June, he criticized the monetary policy of the European Central Bank (ECB) and its head, Mario Draghi, in this regard.
According to the American president, the measures taken by the ECB, unfairly facilitate competition between Europe and the United States. The cheaper the euro, the more competitive European products are in other currency regions.
source: dw.de
US President Donald Trump is constantly complaining that the dollar is too high and as a result hinders US exports. In June, he criticized the monetary policy of the European Central Bank (ECB) and its head, Mario Draghi, in this regard.
According to the American president, the measures taken by the ECB, unfairly facilitate competition between Europe and the United States. The cheaper the euro, the more competitive European products are in other currency regions.
source: dw.de