The International Monetary Fund on Wednesday said that the U.S. dollar was overv...
WASHINGTON - The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan’s yen and China’s yuan were seen as broadly in line with fundamentals.
Trump has railed against European and Chinese policies that lead to what he calls devaluation of the euro and other currencies against the dollar. The Fund - which has warned that the U.S.-China trade war could cost the global economy about $455 billion next year - said recent trade policy actions were weighing on global trade flows, eroding confidence, and disrupting investment. But they had done nothing to reverse external imbalances thus far.
“An intensification of trade tensions or a disorderly Brexit outcome - with further repercussions for global growth and risk aversion - could .... affect other economies that are highly dependent on foreign demand and external financing,” it said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
IMF sees slowdown in Russian economic growth; urges reforms'Russia's economy continues to show moderate growth, under sound macroeconomic policies but with structural constraints and the effects of sanctions,' the IMF said in a report on the Russian economy.
Leer más »
Lagarde resigns as IMF chief, cites more clarity on ECB postIMF chief Lagarde says she is resigning from the global lender after getting more clarity over her nomination to become head of the European Central Bank
Leer más »
World economy needs to avoid 'self-inflicted wounds,' IMF saysThe U.S. economy is performing well but it's not immune from external challenges, the acting managing director of the IMF told CNBC Tuesday.
Leer más »
IMF warns banks to evolve or be 'left behind' amid competition from big tech firmsA new IMF paper said the two most common forms of money today, cash and bank deposits, will 'face tough competition and could even be surpassed.'
Leer más »
IMF sees slowdown in Russian economic growth; urges reforms'Russia's economy continues to show moderate growth, under sound macroeconomic policies but with structural constraints and the effects of sanctions,' the IMF said in a report on the Russian economy.
Leer más »
Debt and dollar in demand, sterling and stocks stricken on trade war and BrexitResurgent trade tensions, concern over the outlook for corporate America and the...
Leer más »