The Most Overvalued Currency In The World
While not quite as cool sounding as “the most interesting man in the world” the most overvalued currency could actually help you make money. Interesting doesn’t pay like over/under valuation. So what is the most overvalued currency in the G-10? If you guessed the Australian Dollar you win. Across pairs the AUD is consistently the most expensive currency and has been for a while.
Why is the AUD so overvalued? They never had a housing crash like in the US and southern Europe, they have strong natural resources, up until this year investors kept believing that China can save all, and last but not least they had the highest short term interest rates in the G-10.
Read more: http://newswalls.blogspot.com/2012/12/the-most-overvalued-currency-in-world.html