IMF says dollar overvalued; euro, yen, yuan broadly in line with fundamentals

WASHINGTON (Reuters) – The International Monetary Fund on Friday said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic fundamentals, while it viewed valuations of the euro, Japan’s yen, and China’s yuan as broadly in line with fundamentals.

The IMF’s External Sector Report – an annual assessment of currencies and external surpluses and deficits of major economies – showed that external current account deficits were becoming more concentrated in certain advanced economies such as the United States and Britain, while surpluses remained persistent in China and Germany.

Source: IMF says dollar overvalued; euro, yen, yuan broadly in line with fundamentals

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