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IMF: Yuan Only "Moderately Undervalued"

|Includes: Market Vectors Chinese Renminbi/USD ETN (CNY), CYB, DSUM, FXCH, RMB

The International Monetary Fund shifts its position on the yuan, labeling it as "moderately undervalued." This ends a trend that started in 2007 of the IMF labeling the yuan as either "significantly" or "substantially" undervalued. The recent changes in yuan policy might have played a significant role in the IMF's shift.