Global trading of the Chinese yuan, new to currency markets outside of China, is in hot demand.  No kidding... the U.S. keeps saying it is undervalued.

The dichotomy in this is almost surreal.  Congress complains about international bankers and paints them as "evil bankers."  They authorize the Federal Reserve to borrow trillions from China and others by raising the national debt ceiling and agree to devalue the dollar with "quantitative easing"; then they actively work to drive up the value of the yuan because it is "undervalued".

Have they looked at who trades in currency markets?  What happens when a new product (the Chinese yuan) comes to market, a product they declare is undervalued and then they work like the dickens to pressure China to let the yuan appreciate...gee, it goes up in value, and creates huge demand.

This should come as no surprise - the currency traders - even those in international banks, will make a killing in the market trading the yuan, when the world's largest economy is pushing the value of the yuan up while simultaneously devaluing it's own currency. 

Sadly Congress doesn't see their own complicit actions in destabilizing currency markets by diminishing the value of the dollar.  This in turn gives rise to the yuan and will fundamentally change the balance of power in financial markets.  Congress needs to reestablish their own credibility by reigning in the Federal Reserve, strengthening the dollar and saying no to more national debt.

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