China currency move ‘encouraging development’ -Hoyer

WASHINGTON, June 19 (BestGrowthStock) – China’s decision to make
its exchange rate more flexible is an “encouraging development”
that hopefully will lead to further changes, U.S. House
Democratic Leader Steny Hoyer said on Saturday.

“This is an encouraging development, and I hope it signals
China’s commitment to continue reforming its monetary policy,”
Hoyer said in a statement e-mailed to Reuters.

Stock Market

(Reporting by Andy Sullivan; Editing by Doina Chiacu)

China currency move ‘encouraging development’ -Hoyer