IMF says dollar overvalued
So, it is not only Trump who is calling for a weaker dollar.
I see the central banks' plan as fighting deflation with a weaker dollar policy.
WASHINGTON (Reuters) - The International Monetary Fund on Friday said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic fundamentals, while it viewed valuations of the euro, Japan's yen, and China's yuan as broadly in line with fundamentals.
The IMF's External Sector Report - an annual assessment of currencies and external surpluses and deficits of major economies - showed that external current account deficits were becoming more concentrated in certain advanced economies such as the United States and Britain, while surpluses remained persistent in China and Germany.
Read REUTERS business news 28 July 2017 IMF says dollar overvalued; euro, yen, yuan broadly in line with fundamentals by David Lawder
Video Title: How gold and silver behave in Inflation and Deflation
Video Posted 25 Jul 2017 by ITM Trading (with Lynette Zang)
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