Yen and RMB undervalued, finds survey
NEWS
In a monthly survey of global fund managers in April, the US investment bank found that on a net basis, 58% of respondents believe the Japanese unit is stronger than its current valuation. This is an increase from 54% in March and 46% in February.
The respondents also on a net basis believe the Chinese renminbi is undervalued. A net of 58% respondents took that stance in April, up from 54% in March and February.
Meanwhile, a net 38% of the respondents believe the US dollar to be overvalued. A
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