Both Democrats and Republicans in congressional hearings this week expressed disappointment that currency manipulation policy has not been made part of the negotiations on a Trans-Pacific Partnership (TPP) agreement.

Both Democrats and Republicans in congressional hearings this week expressed disappointment that currency manipulation policy has not been made part of the negotiations on a Trans-Pacific Partnership (TPP) agreement. Senate Finance Committee Chairman Orrin Hatch (R-Utah) said that the policy would be part of the Trade Promotion Authority (TPA) bill being drafted as the conduit for passing a TPP. China is not part of the TPP talks, however, and some have noted the Middle Kingdom's effort of late to push down the value of the...