UPDATE 1-Obama to emphasize China currency concern on trip

(Adds details)

WASHINGTON, Nov 2 (BestGrowthStock) – The United States will raise
concern about China’s currency repeatedly during President
Barack Obama’s trip to Asia, which begins later this week.

“Exchange rates, particularly the Chinese exchange rate,
will be something we’ll be talking about at all the stops,”
said Jeffrey Bader, an Asia expert and senior White House
aide.

“We think that undervalued currencies serve as a trade
advantage for those countries whose currencies are
undervalued,” Bader said in an online discussion of Obama’s
trip, which includes India, Indonesia, South Korea and Japan.

“We have argued that the Chinese currency needs to be
allowed to move toward a market-based level,” he said. “If the
Chinese currency moves in that direction, we think that other
currencies that are undervalued, including those in Asia, will
move as well.”

(Reporting by Caren Bohan and Patricia Zengerle; Editing by
Sandra Maler)

UPDATE 1-Obama to emphasize China currency concern on trip