Senator Schumer says plans China currency bill

WASHINGTON, March 12 | Fri Mar 12, 2010 3:50pm EST

WASHINGTON, March 12 (Reuters) - Senator Charles Schumer said on Friday he plans to move forward soon on legislation aimed at stopping China from "manipulating" its currency.

"Now more than ever, there is a consensus to finally confront China's currency manipulation," the New York Democrat said in a statement.

"It is the single biggest step we can take to promote U.S. job creation, particularly in the manufacturing sector. We plan to move forward with revamped legislation on this issue in the coming days," he said.

(Reporting by Doug Palmer; Editing by Dan Grebler)

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