USD Is Overvalued Against CAD, EUR, JPY, NOK, KRW, SEK, CHF & GBP

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USD Is Overvalued Against CAD, EUR, JPY, NOK, KRW, SEK, CHF & GBP

The stronger dollar is flowing through into our purchasing power parity (PPP) CPI differential models. Overall against 18 currencies, the USD is overvalued against 12 of them on a PPP basis. What is crucial is that the USD is overvalued against many of its largest trading partners. Of the currencies listed in the title of the blog post, the USD is just slightly over valued against a few (KRW, CHF) to vary overvalued against some of the others (JPY, EUR, NOK, SEK, GBP). Below is a chart for each currency.

How Warren Buffett Went From Hating To Loving Banks

Berkshire Hathaway Warren BuffettSince the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More


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Article by Eric Bush, CFA – Gavekal Capital Blog

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