The currencies of China, Malaysia and Thailand are undervalued relative to the economies’ medium-term fundamentals, and the countries should focus on fiscal policy to support growth, the International Monetary Fund said Tuesday.
In its World Economic Outlook, the IMF said that while foreign-exchange movements since the global financial crisis had been consistent with demand rebalancing, gains in currencies of nations with external surpluses had halted over the past eight months………………………………………..Full Article: Source