<div><span style="font-size: 10pt;">The International Monetary Fund, IMF Chief Economist Maury Obstfeld has said there is no evidence Chinese authorities have been intervening to move the exchange rate of the yuan. His comments came after US President Donald Trump accused China and the European Union of keeping their currencies artificially weak to make their exports more competitive.</span></div>''<div><br />''</div>''<div>In an interview to a New Channel Mr Obstfeld said that a recent US Treasury report that looks at currency manipulation "came to the same conclusion. He added that they haven't been intervening in their foreign exchange market as far as IMF can see.</div>''<div><br />''</div>''<div>Other factors in the Chinese economy are putting pressure on the currency, he said, including lower growth, lower interest rates and threats of tariffs against China.</div>''<div><br />''</div>''<div>In its twice-yearly report to Congress in April that looks for official currency manipulation, the US Treasury said  the Chinese currency generally moved against the dollar in a direction that should help reduce China's trade surplus with the United States.</div>''<div><br />''</div>''<div>The report said, China was included on the Treasury's currency watch list because it constitutes a disproportionate share of the overall US trade deficit.</div>