China’s Yuan fairly valued for the first time in over 10 yrs - IMF

FXStreet (Mumbai) - As reported by Wall Street Journal, the International Monetary Fund's (IMF) fresh assessment of the Chinese currency will be made official in the international lender's reports on China's economy due in the coming months with China's Yuan declared fairly valued for the first time in more than ten years.

Markus Rodlauer, deputy director of the IMF's Asia department, notes, "On the exchange rate, last year, 2014, our assessment has been and remains that last year the renminbi was moderately undervalued,"

"We are now reaching a point where we are close to this no longer being undervalued."