Geithner says expects China to move on forex policy

16 March 2010 @ 05:42 pm EDT

WASHINGTON, March 16 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Tuesday he thinks China eventually will decide it needs to adopt a flexible currency exchange rate policy.

"It's an important issue for China, for all China's trading partners, and I'll say as I've said before, I think China will decide ultimately it's in their interest to move," Geithner said in an interview on Fox Business Television.

"I think ultimately they're going to decide over time it's in their interest to move to a more flexible exchange rate," he added.

(Reporting by Glenn Somerville and Lesley Wroughton)

Copyright 2009 Thomson Reuters. All rights reserved.

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