More on the value of China's yuan and U.S. political pressure

Posted by LDonia on 10/23/2012

Yesterday, the Alliance for American Manufacturing (AAM) shared a chart that shows a correlation between political pressure and the changing value of China's yuan.

Today we'd like to share more detailed information:

April 2005: China ends peg to dollar after Senate votes 67-33 to adopt Schumer/Graham currency amendment
US Dollar to Chinese Yuan Exchange Rate Chart

US Dollar to Chinese Yuan Exchange Rate data by YCharts

July 2008: After 21 percent appreciation, China resumes peg to dollar as financial crisis and economic downturn begin
US Dollar to Chinese Yuan Exchange Rate Chart

US Dollar to Chinese Yuan Exchange Rate data by YCharts

June 2010: China promises a “flexible” exchange rate policy just before G-20 meeting and mounting international pressure
US Dollar to Chinese Yuan Exchange Rate Chart

US Dollar to Chinese Yuan Exchange Rate data by YCharts

Sept. 2010: House passes HR2378 (Currency Reform for Fair Trade Act) by a vote of 348-79
US Dollar to Chinese Yuan Exchange Rate Chart

US Dollar to Chinese Yuan Exchange Rate data by YCharts

August 2011: Yuan strengthens to all-time high in advance of Vice President Biden visiting Beijing
US Dollar to Chinese Yuan Exchange Rate Chart

US Dollar to Chinese Yuan Exchange Rate data by YCharts

October 2011: Senate passes S.1619 (Currency Exchange Rate Oversight Act) by a vote of 66-33
US Dollar to Chinese Yuan Exchange Rate Chart

US Dollar to Chinese Yuan Exchange Rate data by YCharts

Summer 2012: Presidential candidates pledge to get tough on China, with Governor Romney pledging to cite China as a “currency manipulator”
US Dollar to Chinese Yuan Exchange Rate Chart

US Dollar to Chinese Yuan Exchange Rate data by YCharts

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