China Currency Bill to Have Limited Economic Impact, U.S. Agency Reports
China Currency Bill to Have Limited Economic Impact, U.S. Agency Reports
China currency legislation being considered by Congress may raise no more than million a year in duties because many goods are no longer made in the U.S., an independent congressional office said.
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China targeted in bill on currency manipulation
WASHINGTON — The House has approved legislation that would allow the U.S. to seek trade sanctions against China and other nations for manipulating their currency to gain trade advantages. China – Economic – Social Sciences – Financial Economics – Currency and Money
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China currency bill approved in House
The House of Representatives ramped up pressure on China Wednesday to boost the value of its currency, with lawmakers approving legislation that could lead to additional duties on imports that are unfairly cheap because of undervalued currency.
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$A trading near 2yr high on $US weakness
The Australian dollar lower, but trading near 2yr highs on $US weakness as investors adjust portfolios.
Read more on The Age
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