IMF says ‘dollar overvalued,’ funding carry trade
Posted on November 08, 2009 at 11:49 AM EST
Stacy Summary: All are speaking as one on the dollar. (Sounds to me like they are encouraging more speculators to pile in on a ‘one way bet’.) IMF says dollar funding carry trade, still overvalued “There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a [...]