The US Dollar valuation may be at a fair and stable level, observers said today, after a solid batch of reported economic activity. The IMF called today for a substantial devaluation of the dollar, but recent reports indicate that its value is at least "data driven" - based on real economic activities.
US Producer Price Index and Consumer Price Index were reported to have balanced each other, the red hot housing housing market appears to be cooling and the Fed is likely to end two years of interest rate hikes after next month.
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