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German Chancellor Merz calls yuan 20-30% undervalued and urges dialogue on FX policy, implying potential yuan appreciation.
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Rabobank's Michael Every reports that German Chancellor Merz has called for dialogue with China on monetary and foreign exchange policy, arguing the Chinese yuan is 20 to 30 percent undervalued and should float more freely.
German Chancellor Merz calls yuan 20-30% undervalued and urges dialogue on FX policy, implying potential yuan appreciation.