Tough new US currency bill
Afp, Washington
High powered US Senators on Wednesday unveiled a tough new attempt to punish countries with "misaligned" currencies, hours after the Treasury decided not to brand China a "currency manipulator." The new bill, which Senators predicted would pass with a veto-proof majority in both chambers of Congress, reforms criteria for declaring a currency out of line, and introduced new penalties for lack of action by a foreign government.
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