EUR/CNY: Why China’s Yuan Is Drawing Scrutiny in Europe, What It Means for Euro

The value of the yuan has become a flashpoint in trade relations between China and the European Union. Many EU policymakers and economists believe the currency is undervalued and a...

By Bloomberg News · Bloomberg Markets

The value of the yuan has become a flashpoint in trade relations between China and the European Union. Many EU policymakers and economists believe the currency is undervalued and a key driver of the bloc’s deepening trade deficit with the East Asian nation. That imbalance averaged about $1.1 billion a day in June.