October 27, 2008The US dollar is on steroids this morning as the sell-off in global equities sends the dollar to a 2 year high against the Euro. The EUR/USD is within 3 percent of its fair value of 1.20 while the GBP/USD and USD/JPY are now undervalued on a purchasing power parity basis. However PPPs [...]
Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, G7 intervention, G7 meeting, Japanese Yen, US Dollar, US Economy, euro, forex blog 
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