IMF Drops View of Yuan as Undervalued Currency

The International Monetary Fund announced that it is dropping its view that the yuan is undervalued, boosting China’s bid to become a reserve currency. Bloomberg’s Dan Petrie reports on “The Pulse.” (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (04/04)
24:40 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Geoffrey Yu, head of U.K. investment office at UBS Wealth Management and Alan Ruskin, co-head of FX research at Deutsche Bank. (Source: Bloomberg)
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