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Treasury Dept. on Wed. to Release Semi-Annual Report on Exchange Rate Policies

The Alliance for American Manufacturing urged Treasury Secretary Jacob Lew to go ahead and crack down on China. “The situation has, if anything, grown worse over the last six months,” AAM President Scott Paul wrote. “The dollar/yuan exchange rate is essentially the same this week as it was 17 months ago and China’s aggressive intervention has caused the yuan to fall 1.63 percent below its high-water mark in January 2014.”

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