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.
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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