Democratic Senator Harry Reid has indicated that he will introduce legislation relating to undervalued currencies. The measure will address the effect that undervalued currencies have on trade. The Chinese Yuan is one currency that is considered to be undervalued and acting as a subsidy to China.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/09/27/us-usa-china-currency-idUSTRE78Q4Y720110927
Jim Sutliff