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IMF says dollar overvalued by 10-20%

Britain's pound, meanwhile, was assessed as up to 15 percent overvalued compared to fundamentals

Reuters  |  Washington 

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 ...

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First Published: Sat, July 29 2017. 04:00 IST
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