Mon, Oct 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Currencies’ fair value a matter of debate

Posted on 22 February 2013

What’s the fair value of a euro? That depends on whether the answer comes from Berlin or Paris. German Chancellor Angela Merkel on Wednesday weighed in on what the currency should be worth, saying the euro’s exchange rate is “normal in the historical context.” French Finance Minister Pierre Moscovici had a different take earlier this month, calling the euro “perhaps too strong”.
Economists say Ms. Merkel is right—technically. The euro’s buying power is roughly where it should be, according to the Peterson Institute for International Economics, which judges currencies based on countries’ current-account balance…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031