Enzio Von Pfeil, CEO of Commercial Economics Asia, tells CNBC that political scene in the U.S. is such that some sort of anti-China bill is likely to find support in the house.
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Andrew Pease, investment strategist at Russell Investments, says that U.S. effort to punish China over it's currency is unwarranted and is unlikely to pass the House.
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The U.S. Senate on Tuesday approved a controversial bill to punish China over its currency in an effort to save American jobs, sending it to the House of Representatives where its fate isuncertain.
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The White House voiced concern that legislation the U.S. Senate is expected to approve this week designed to press China to let its currency rise could violate international trade rules.
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The announcement by Barack Obama that a deal had been reached to increase the US debt ceiling late on Sunday night did not put to rest lingering questions about whether the agreement would overcome the most difficult remaining hurdle: passage of the legislation in the House of Representatives...
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