Yuan Still Cheap Versus Euro Even After Gain, Deutsche Bank Says

πŸ‡¨πŸ‡³ Bloomberg (CN) —

AI Summary

According to Deutsche Bank, the Chinese yuan remains undervalued against the euro despite recent gains, contributing to a growing trade deficit in the European Union. This currency valuation impacts trade balances between China and the EU.

China’s yuan is still undervalued versus the euro despite its recent gains, and that’s contributing to a wider European Union trade deficit, according to Deutsche Bank AG.

World Markets yuan euro currency valuation Deutsche Bank trade deficit European Union China

Read original source →