Ronald McDonald says US$ overvalued against all major currencies

In July 2014, the US$ was still fairly valued against the GBP, the euro, the Aus$, and the Can$. Now, however the US$ is overvalued in relation to every signficant economy in the world save Brazil.

It is no surprise CAT reported bad earnings today. The currency effect produced revenue declines everywhere in the world outside of North America. We should expect the same in the future from other global companies.