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IMF says dollar overvalued, euro, yen, yuan in line with fundamentals
By David Lawder
Friday, July 28, 2017
WASHINGTON -- The International Monetary Fund said Friday the U.S. dollar is 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. ...
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