The Strategist

IMF: The US dollar is significantly overvalued



07/18/2019 - 10:21



Taking into account the main economic indicators, the USD exchange rate is overestimated by 6-12 percent. At the same time, the rates of euro, yen and yuan are at an acceptable level, experts of the IMF believe.



pexels
pexels
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




More
< >

Thursday, October 10th 2024 - 06:22 Germany worsens 2024 forecast for the economy