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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

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

By cpowell
Created 2017-07-29 01:19

By David Lawder
Reuters
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. ...

... For the remainder of the report:

http://www.reuters.com/article/us-imf-currencies-idUSKBN1AD1YT?il=0 [1]



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