Tuesday, November 13, 2007

Goldman's Dollar Take on Several Currencies

Reading this article on Goldman's call to cut back on emerging markets. What I found more interesting was their thought on the U.S. currency in relation to several currencies. Not sure if I agree or not but interesting.

http://www.marketwatch.com/news/story/goldman-sachs-reportedly-cutting-exposure/story.aspx?guid=%7B4D1EE15E%2DDCA1%2D4D8F%2DA809%2D93C5735B8E4F%7D&siteid=rss

The U.S. investment bank said Brazil's real is 28% overvalued against the U.S. dollar, as are the currencies of India, at 22%; South Korea, 32%; Hungary 42%; Poland, 60%; and Turkey, 74%, according to the report.

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