Published on Gold Anti-Trust Action Committee (http://www.gata.org)

IMF endorses dollar devaluation

By cpowell
Created 2019-07-18 00:34

IMF Sees Dangers from Trade Tensions, Overvalued Dollar

By Andrea Shalal
Wednesday, July 17, 2019

WASHINGTON -- The International Monetary Fund said on Wednesday the U.S. dollar was overvalued by 6 to 12%, based on near-term economic fundamentals, while the euro, the Japanese yen, and China’s yuan were seen as broadly in line with fundamentals.

The IMF has been at odds with U.S. President Donald Trump over his use of tariffs to resolve trade imbalances, but its assessment that the dollar is overvalued is likely to give Trump more fodder for his frequent complaints that dollar strength is hampering U.S. exports.

... Dispatch continues below ...


USAGold: Coins and bullion since 1973

USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com [1]

USAGold: Great prices, quick delivery -- all the time.

Trump has railed against European and Chinese policies that lead to what he calls a devaluation of the euro and other currencies against the dollar.

The Fund's External Sector Report -- an annual assessment of currencies and external surpluses and deficits of major economies -- showed that current account surpluses remained centered in the euro area and other advanced economies such as Singapore, while deficits remained persistent in the United States, Britain and some emerging market economies. ...

... For the remainder of the report:

https://www.reuters.com/article/us-imf-currencies/imf-sees-dangers-from-... [2]

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

https://neworleansconference.com/ [3]

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [4]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [5]

Source URL: