The Chinese Yuan is “still fairly” valued despite the recent sell-off against the US dollar, according to an International Monetary Fund (IMF) official, according to CNBC. The Chinese currency has dropped 6.5 percent since mid June and was last seen trading around 6.8 per US dollar. “The moves haven’t been that big by the standards of other emerging markets. It only takes the currency back to where it was at the beginning of the year and on the average of last year,” said James Daniel, the IMF mission chief for China. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Likely To Stay In 1.1550-1.1800 Range With No S/T Triggers For Breakout – Nordea Yohay Elam 5 years The Chinese Yuan is "still fairly" valued despite the recent sell-off against the US dollar, according to an International Monetary Fund (IMF) official, according to CNBC. The Chinese currency has dropped 6.5 percent since mid June and was last seen trading around 6.8 per US dollar. "The moves haven't been that big by the standards of other emerging markets. It only takes the currency back to where it was at the beginning of the year and on the average of last year," said James Daniel, the IMF mission chief for China. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
