IMF says USD OVERVALUED

wow. just a week ago he stated the dollar was undervalued. your man on drugs?

http://www.reuters.com/article/businessNews/idUSMDT00444220071008?feedType=RSS&feedName=businessNews

MADRID (Reuters) - The U.S. dollar is currently undervalued and this could cause volatility in the financial markets, International Monetary Fund Managing Director Rodrigo Rato said on Monday in an interview published by newspaper Expansion.

 

Maybe someone mis-typed the formula into the IMF model and they came out with the total opposite conclusion. It's clear they discovered their mistake and rectified it in the international media. Someone may get fired for this.

 

Not much of a hedge if you still earn your money in dollars

 

Overvalued based on what? Markets have a tendency to make comments like the IMF a passing breeze. Doesn't matter what they think.

This is the herd view. Position accordingly

 

the hedge is to earn in euros and spend in america

 

I was going to mention this, but someone did already.

This guy (not the poster, the IMF guy) is a bufoon.