1.   Because the dollar had been overvalued, the decrease in its international value was relatively cost-free.

2.   But in spite of its recent climb the dollar is not overvalued by most measures.

3.   Last week, convinced that the Hong Kong dollar was overvalued and could be brought down, speculators attacked the currency with a fury.

4.   The dollar is overvalued, and will decline.

5.   But he added that the dollar was currently overvalued and any depreciation could cause problems.

6.   It culminated in Hong Kong last week, when speculators judged the Hong Kong dollar was overvalued.

7.   Speculators believe the Hong Kong dollar is overvalued.

8.   The association believes the dollar is overvalued, making U.S. goods expensive to buy in foreign countries.

9.   The contagion spread to Hong Kong last week, when speculators judged the Hong Kong dollar was overvalued.

10.   The traders 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.