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On some measures, such as purchasing-power parity, the greenback still looks cheap against the euro.
Those carry-trade bets helped keep the yen cheap against other currencies, including the dollar.
Now it is close to its fair value against the dollar and looks cheap against the euro.
In the mid 1990s the dollar was cheap against most currencies; now it looks dear against all but three.
He estimates the cost at $16 billion, which seems cheap against the $50 billion or more cost of Sandy.
And as French and German holidaymakers are discovering, the dollar is cheap against a PPP benchmark.Against other gauges, however, the greenback may still be overvalued.
Similar(43)
The Taiwan dollar reached its cheapest against the American dollar in 11 years.
By devaluing against gold, their money also became cheaper against currencies that kept their gold parity, giving domestic producers a cost advantage over many foreign firms.A new paper* by Barry Eichengreen of the University of California, Berkeley, and Douglas Irwin of Dartmouth College adds a fresh dimension to this analysis.
Companies like Whirlpool, Cummins and Panasonic are still moving jobs from the U.S. to Mexico to cut costs and take advantage of a peso 20% cheaper against the dollar than it was two years ago.
"If you're going to take a cheap shot against someone, do it to someone it might work against psychologically".
Most commercial salts carry trace minerals as relatively cheap insurance against deficiencies that occasionally exist in scattered locations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com