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Too_Many_Tools Too_Many_Tools is offline
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Default OT - You Might Want To Buy Those Chinese Tools Now Instead Of Latter

Looks like the American dollar is headed downward for the near future.

You might want to buy those Chinese tools you have been looking at
before the price increases.

TMT


IMF's Rato-Dollar overvalued despite orderly slide Sat Oct 20, 7:25 PM
ET

The dollar is overvalued in the medium-term even though it has
depreciated in recent years, and markets are betting on the greenback
to fall further, International Monetary Fund Managing Director Rodrigo
Rato said on Saturday.

"In the medium term, the dollar is overvalued," he said at a news
conference, adding "the markets are also betting right now that the
dollar is overvalued."

He said the decline of the dollar, which has shed some 8 percent
against the euro this year and hit a record low against a basket of
major currencies, has been orderly and added that the exchange rate is
set by markets.