The International Monetary Fund said on Tuesday that the U.S. dollar was over-valued, and that the value could add to growth risks and trade tensions.
The IMF, in its annual External Sector Report, in Washington said China’s yuan was in line with fundamentals and nearly half of global excessive current account balances.
The IMF said the U.S. dollar was over-valued because current account surpluses and deficits were becoming increasingly concentrated in advanced economies.
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The IMF report was based on exchange rates and current account surpluses and deficits.
The report was also centred on data and IMF staff projections as of June 22.
However, China’s yuan has dropped significantly in recent weeks as trade tensions with the United States have intensified.
China’s yuan hit a fresh…
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