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Deutsche Bank: The Chinese yuan against the euro is undervalued by 15%
July 15, 2026
DB: The yuan against the euro is undervalued by 15%
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In recent years, although the RMB exchange rate has continued to strengthen, China’s trade surplus remains large. Bloomberg, citing estimates from a Deutsche Bank report, says the RMB against the euro is still undervalued by about 15%, while Germany’s chancellor Friedrich Merz also said the RMB has been undervalued by 25% “for many years.” During the yuan’s opening yesterday, the central parity rate moved slightly lower by 18 basis points to 6.7990 per US dollar; however, the yuan’s onshore price (CNY) during Asia time… ...
(Excerpt)