11.   They said U.S.-based hedge funds were thought to have led the latest attack, believing the Hong Kong dollar was overvalued compared with other regional currencies.

12.   Central Reserve Bank governor Don Brash said Wednesday the New Zealand dollar was overvalued.

13.   Dealers said they were also worried by a report from Washinghton overnight that Gail Foster, chief economist at the US Conference Board, thought the dollar was overvalued.

14.   Remarks by New York Federal Reserve president William McDonough that the dollar was overvalued should boost the euro, DBS Bank in Singapore said.

15.   That suggests that the dollar was not overvalued, according to Rothfield.