Euro Looks Cheap Versus Dollar, HSBC's Models Show

Core Viewpoint - The euro is currently lower against the dollar, and its rebound has been less than expected according to modeled paths, leading HSBC to suggest that the euro appears cheap [1] Summary by Relevant Sections - Currency Performance - The euro has depreciated against the dollar [1] - The rebound of the euro has not met the expectations set by its modeled path [1] - Investment Insight - HSBC indicates that the euro looks cheap at its current valuation [1]