China reined States after the adoption of the Bill of Forex House of Representatives

The House of Representatives of the night Amerikaskaya adopted a bill that allows U.S. companies to impose additional obligations on imports from those countries where governments actively weaken the currency (ie, China). The voting was 348 to 79, so that the support was wide in both parties.




The Senate will debate its version of the bill after the midterm elections in November. China powerfully reacted immediately, saying that the bill violates the recommendations of the WTO, and that the level of the yuan will not be able to assist in overcoming the U.S. trade deficit, and then fixed the yuan at a weaker level than yesterday. USD / CNY fell to 6.6850 at night, but China has set the official exchange rate at 6.7011 to the provocative.

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