US view on currency manipulation?

  • In the past, US has accused some countries, like China and Japan, of manipulating their currencies (i.e. keeping them weak) to help their exporters.
  • Under pressure from US exporters, Congress has traditionally pushed for Capitol Hill to insert provisions against currency manipulation into international trade agreements.
  • Now that the US$ is strong and getting stronger, more pressure to include such clauses into trade agreements - but concern that such insertion into Obama's sought after Pacific trade deal (TPP), might scuttle it.
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