Weaker Dollar Incoming? BRICS Nation China’s Yuan Could Be Massively Undervalued Versus USD: Report
Weaker Dollar Incoming? BRICS Nation China’s Yuan Could Be Massively Undervalued Versus USD: Report
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New analysis from experts including Brad Setser and Goldman Sachs analyst Teresa Alves suggests that China's yuan may be significantly undervalued against the US dollar. This report, originating from The Wall Street Journal, indicates a potential shift in global currency valuations.
New data suggests China’s yuan could reportedly be extremely undervalued against the US dollar. Brad Setser, a senior fellow at the Council on Foreign Relations, as well as Goldman Sachs analyst Teresa Alves, both predict the yuan is currently undervalued against the dollar, reports the Wall Street Journal. While Setser predicted the yuan could be undervalued.