RMB can modify misalignment by itself and pegging to a basket currency can reflect the fluctuation of REER of RMB preferably.

人民币汇率错位自我修正能力较强，钉住“一篮子”货币能较好地反映人民币实际有效汇率的波动。

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Even though Chinese export prices are up 10% from a year ago, the sizable protectionist coalition in Congress is bent on imposing potential tariff penalties for alleged currency misalignment in a vote scheduled in the Senate today.

FORBES: Congress Messes With China While Sen. DeMint Eyes The Dollar