
DOLLAR OVERVALUED BUT COULD DROP: BANK OF AMERICA
The dollar remains slightly overvalued after easing this year but could become undervalued next year, Bank of America analysts say. Overvaluation has persisted for about a decade, though this year it moved closer to fair value due to factors like German fiscal stimulus, trade tensions, and risks to U.S. institutions. Further erosion of U.S. institutional strength could push the dollar below fair value. BofA expects the euro to rise to $1.20–$1.25 next year from $1.1651.The copyright of this article belongs to the original author/organization.
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