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U.S. House speaker says 'laughable' to legislate currency exchange rates
May 14, 2015 / 3:59 PM / 3 years ago

U.S. House speaker says 'laughable' to legislate currency exchange rates

WASHINGTON (Reuters) - U.S. House of Representatives Speaker John Boehner said on Thursday that it would be almost “laughable” for Congress to try to legislate currency exchange rates as part of a trade bill currently under consideration.

Boehner said the U.S. Treasury Department was better positioned to handle such concerns. “I think that’s a much better approach than trying to legislate what should or shouldn’t happen with regard to currency valuations,” he said.

Reporting by David Lawder; Writing by Emily Stephenson; Editing by Will Dunham

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