Freddy L

There’s No Stopping the Powerful Euro

Well if you look at the "Big Mac" index and other indicators as such, one would see that the Euro is overvalued at this point. Even if EUeconomic indicators are better than the US, the fact remains that most of the movement here has been due to carry trade, speculation, fear etc etc. I'm not saying the dollar is going to continue to lose value against the Euro, i'm just saying it isn't being driven by fundamentals right now, IMHO.