Deutsche Bank says the yuan remains undervalued versus the euro despite recent gains, which is widening the EU trade deficit. The note implies persistent FX-driven competitiveness pressure, potentially keeping downside risk around EU external balances.
Deutsche Bank says the yuan remains undervalued versus the euro despite recent gains, which is widening the EU trade deficit. The note implies persistent FX-driven competitiveness pressure, potentially keeping downside risk around EU external balances.
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mildly negative
Sentiment Score
-0.10
Ticker Sentiment
