Negara pengeksport lebih suka currency mereka rendah berbanding dollarJanuary 31, 2007 at 8:11 pm | Posted in Forex | 1 Comment
Ini sebahagian dari news report yang aku amik kat Forexfactory :
The Bush administration is coming under heavy pressure to do something in the face of five consecutive years of soaring trade deficits, led by the yawning imbalances with China.
A group of lawmakers led by Sen. Charles Schumer, D-N.Y., got widespread support last year for imposing penalty tariffs of 27.5 percent on all Chinese imports coming into the United States if China did not go further to revalue its currency.
The administration opposes this approach, arguing that it would penalize American consumers who depend on low-cost clothing and electronic products from China.
American manufacturers contend that China is manipulating its currency to keep it undervalued against the U.S. dollar by 20 percent or more. Such an action makes Chinese goods cheaper for American consumers and American products more expensive in China.
Paulson was testifying on the administration’s latest currency report to Congress released last month. In that report, the administration refused to cite China for manipulating its currency to gain trade advantages, saying the country did not meet the technical definitions of a currency manipulator.
Full news at http://www.forexfactory.com/showthread.php?t=15350