WASHINGTON, June 19 (Reuters) - The top Republican on the U.S. Senate's tax-writing committee on Saturday called China's yuan move overdue and said the United States should continue pressing for the currency to appreciate in value.
'China's announcement is long overdue. Congress and the administration need to keep the pressure on until China takes concrete actions to appreciate its currency exchange rate in a meaningful way,' Republican Senator Charles Grassley said in a prepared statement.
(Reporting by Andy Sullivan; Editing by Doina Chiacu) Keywords: CHINA YUAN/USA GRASSLEY (andy.sullivan@thomsonreuters.com; +1 202 421 5603) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'China's announcement is long overdue. Congress and the administration need to keep the pressure on until China takes concrete actions to appreciate its currency exchange rate in a meaningful way,' Republican Senator Charles Grassley said in a prepared statement.
(Reporting by Andy Sullivan; Editing by Doina Chiacu) Keywords: CHINA YUAN/USA GRASSLEY (andy.sullivan@thomsonreuters.com; +1 202 421 5603) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.