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Dingell Targets Currency Manipulation

A bipartisan group of US Representatives led by Michigan Democrat Debbie Dingell are calling for a more aggressive effort to stop currency manipulation by certain foreign countries.

Currency manipulation bypasses the natural market supply and demand function, to the benefit of the country that manipulates.

Both US Senators and Representatives from both parties say its dirty pool.

They want the issue to be part of the proposed Trans-Pacific Partnership trade deal, which is the subject of an international meeting in Atlanta this weekend.

Dingell says they’ve sent a letter to President Obama insisting currency manipulation be part of the TPP, in order to get the votes in Congress to approve the trade deal.

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