• IMF: Yen's appreciation may undermine efforts to lower deflation risk

Market news

27 July 2016

IMF: Yen's appreciation may undermine efforts to lower deflation risk

  • Yen gains have moved currency toward fair value

  • Global coordination warranted on growth, not FX rates

  • Yuan in line with fundamentals despite depreciation

  • Swiss franc moderately overvalued

  • Brexit likely to lower pound's equilibrium exchange rate

  • Global FX rates "not so out of whack"

U.S.: Crude Oil Inventories, July 1.671 (forecast -2.45)
US: The number of pending home sales rose slightly in June
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