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2 years ago
UPDATE 1-Recent U.S. dollar appreciation in line with fundamentals -IMF
March 12, 2015 / 3:06 PM / 2 years ago

UPDATE 1-Recent U.S. dollar appreciation in line with fundamentals -IMF

(Adds comments on market fundamentals)

WASHINGTON, March 12 (Reuters) - The International Monetary Fund sees the recent increase in the value of the U.S. dollar as being in line with market fundamentals, a spokesman for the institution said on Thursday.

IMF spokesman Gerry Rice said the decline in energy prices, the changing growth outlooks for major economies and the diverging paths of monetary policies appeared to be guiding the ascent of the dollar.

"At the moment we think the movements in the dollar are in line with the fundamentals," Rice said in a news conference.

The dollar has appreciated about 25 percent against the currencies of U.S. trading partners since June. (Reporting by Jason Lange; Editing by Paul Simao)

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