Yuan Still Cheap Versus Euro Even After Gain, Deutsche Bank Says

China’s yuan is still undervalued versus the euro despite its recent gains, and that’s contributing to a wider European Union trade deficit, according to Deutsche Bank AG.

By Charlie Zhu, Wenjin Lv · Bloomberg Markets

China’s yuan is still undervalued versus the euro despite its recent gains, and that’s contributing to a wider European Union trade deficit, according to Deutsche Bank AG.