(Bloomberg) -- The dollar is 11 percent undervalued against currencies of developed and emerging economies, and that could persist for a while, according to a study by the Federal Reserve Bank of Cleveland. The greenback is also 7 percent cheaper than its fair value against major countries’ currencies, based on purchasing power parity, a measure of the relative cost of goods in different nations, economists Owen Humpage and Caroline Herrell at the Cleveland Fed wrote in a research report published on the regional central bank’s Web site yesterday.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aX7wCpMFXoRM
Dollar Rally to Last for ‘a While,’ Jim Rogers Says
(Bloomberg) -- A rally in the dollar may last for “a while” as equity and commodities markets decline, said Jim Rogers, chairman of Singapore-based Rogers Holdings. “Everybody is pessimistic on the dollar,” Rogers said in an interview with Bloomberg television in Singapore. “Whenever you have everybody on the same side of the boat, you know what you have to do. We may have a rally in the dollar, a decline in commodity prices or stock prices for a while.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTBRFmkEX1eA
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