The ‘Weak Dollar’ Is Overvalued By 15.2%

If the dollar is so weak, or about to be given up by the BRICS+ nations for some alternative backed by gold, as Russia has confirmed ahead of next month’s BRICS Summit in Durban, South Africa, imagine what a strong dollar would look like?

The ‘weak dollar’ is so strong it is estimated to be 15.2% overvalued against a basket of 34 currencies, according to economists at the Coalition for a Prosperous America and Blue Collar Dollar Institute. The two produce a monthly index on dollar valuation called the Currency Misalignment Monitor (CMM). The index is designed to provide a rough approximation of the degree of movement of exchange rates that would be required to bring the U.S. into a better trade balance with partner countries over a five-year stretch.