IMF – No need for Yuan intervention
|David Lipton, the IMF's deputy managing director, attributed the drop in the Yuan to eight year low to the US elections and increased prospects of a faster rate hikes in US.
Lipton stressed on the fact that the value of the Yuan is largely in line with nation's economic fundamentals and thus there is no urgent need for an intervention by the central bank in the foreign exchange market.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.