| Monday, February 26, 2007 |
|
Merrill Lynch & Co. said 11 out of 16 emerging market currencies are on average 19 percent undervalued against the U.S. dollar.
The bank said undervalued currencies are in Argentina, Brazil, Chile, China, Hungary, South Korea, Malaysia, Mexico, Poland, Russia and Singapore. The other five currencies Merrill evaluated are overvalued by an average of 12 percent. They are in India, South Africa, Taiwan, Thailand and Turkey. |
|
|
|
