White House advisor says U.S. to continue to press China on currency

Reuters News
Posted: Apr 08, 2015 9:48 AM

WASHINGTON (Reuters) - The United States will keep pressing China to move toward a market-determined exchange rate, White House Council of Economic Advisers Chairman Jason Furman said on Wednesday.

In a speech before an event hosted by the Brookings Institution, Furman said U.S. diplomacy has already yielded some benefits with China, but Washington will "continue to push" Beijing on currency policy.

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(Reporting by Jason Lange; Editing by Will Dunham)