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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    IMF: US Dollar Overvalued Due to Its Safe Haven Status, Oil Prices Decline

    Lobo
    Lobo
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    Join date : 2013-01-12

    IMF: US Dollar Overvalued Due to Its Safe Haven Status, Oil Prices Decline Empty IMF: US Dollar Overvalued Due to Its Safe Haven Status, Oil Prices Decline

    Post by Lobo Wed 22 Jun 2016, 4:56 pm

    June 22, 2016

    IMF: US Dollar Overvalued Due to Its Safe Haven Status, Oil Prices Decline

    The US dollar is overvalued due to its status of a safe-have currency and the decline in oil prices, IMF chief Christine Lagarde said.

    WASHINGTON — The US dollar is overvalued because it is considered a safe-haven currency and its value has also been boosted by the decline in oil prices, International Monetary Fund Managing Director Christine Lagarde said in a briefing on Wednesday.

    "That is a factor of probably of flight to safety, the safe-haven factor that always applies to the US dollar in times of uncertainty, and certainly the variation in the price of oil is often correlated with an appreciation of the dollar when the price of the barrel goes down," Lagarde stated.

    Earlier in the day, the IMF issued a report stating that the US dollar has been overvalued by 10 to 20 percent.

    On Tuesday, US Federal Reserve Chair Janet Yellen said an exit by the United Kingdom from the European Union, also known as Brexit, could force financial markets to switch to safety flows in the US dollar or other alternative currencies, while increasing their value.
    http://sputniknews.com/business/20160622/1041757792/imf-us-dollar-overvalued.html

      Current date/time is Fri 14 Jun 2024, 10:28 am