Report
Currency war, Donald Trump’s next obsession
Yes, the dollar is overvalued, Donald Trump is right to say so. The misalignment with its fundamental value is about 10% at present. No, this overvaluation is not the result of a global conspiracy that purportedly unites Mario Draghi and Xi Jinping in a bid to stifle the US economy, as some of the comments made by the US President and his advisors might suggest. A step fall in the dollar would require either a much stronger monetary easing by the Fed than anticipated by the marke...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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