To former subscribers who still own FXE. This is from my friend, Chuck Butler: Speaking of the euro… last week President…

So, just for grins… let’s take a price that somewhere between the two PPP models, and say the euro is undervalued by 20%... At 1.13 (round price) adding 20% to the price would move the euro to be around 1.35… now that would be more like it in my book! An old colleague of mine, used to use the Big Mac Index to help him forecast currency movements. The thinking here is that eventually a currency will rise to or fall to its purchasing Power Parity.

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Sean Hyman
EditorSean Hyman
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