Fund Managers

BoA Merrill raises spectre of long-term US dollar depreciation

The bank expects Asian currencies to see moderate appreciation against the dollar in 2011, but concerns over the sustainability of the US fiscal position could mean dollar depreciation down the line.

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The Chinese yuan is:



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Overvalued versus the dollar
  21%
 
Undervalued versus the dollar
  50%
 
At fair value versus the dollar
  29%
TOTAL VOTES: 66
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