The euro, also known as the common currency, remains overvalued in this author's opinion. The currency has spiked recently against almost all major currencies, including the U.S. dollar. This surprise behavior has occurred in light of significant risk-off moves in global markets.
The chart below shows how S&P 500 futures have traded in recent times; markets have corrected downward from all-time highs, with the main news story being the rising threat of the coronavirus (known as SARS-CoV-2; the disease which this virus causes is known as COVID-19).
(Chart created by the author using TradingView. The