Kevin Donoghue's avatar

Kevin Donoghue

@donoghuek.bsky.social

Isn't that just a way of saying that the dollar is overvalued?

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's avatar @surfingthepast.bsky.social
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No more than it was undervalued in the past when the Euro area economy looked much larger. Exchange rates vary. That’s why comparing different economies by translating currencies through rates of exchange does not give a very accurate picture

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