US' Geithner eyes implementation of yuan move

WASHINGTON, June 19 | Sat Jun 19, 2010 9:01am EDT

WASHINGTON, June 19 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Saturday he welcomed China's announcement that it would make its yuan exchange rate more flexible, and called for "vigorous implementation" of the change.

"We welcome China's decision to increase the flexibility of its exchange rate," Geithner said in a statement released by the U.S. Treasury Department. "Vigorous implementation would make a positive contribution to strong and balanced global growth. We look forward to continuing our work with China in the G20 and bilaterally to strengthen the recovery.

(Reporting by David Lawder, Editing by Will Dunham)

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