Goldman Chief Economist Jim O'Neill is calling the dollar “strongly undervalued” against all currencies except the yen. Has the dollar’s decline reached its limit?
The fact that O’Neill said this ahead of the Dec. 11th Fed meeting is very interesting to me, said Guy Adami. I too believe the dollar is stabilizing.
That might be the case for major currencies but I think the emerging market currencies will continue to dominate the dollar, Tim Seymour added.
The bottom line: Indications this week suggest stability in the dollar, said Dylan Ratigan.