WWP November 2011

In This Issue

Almanac Market Data

Currency Manipulation Bill: Where Do You Stand?

By almost a 2:1 margin, a bipartisan group of senators last month passed the Currency Exchange Rate Oversight Reform Act of 2011, legislation which should crack down on China’s artificial under-valuation of its currency and level the playing field for U.S. importers and exporters. As of this writing, the measure must still go before the House, where support is mixed.