WASHINGTON, June 19 (Reuters) - U.S. President Barack Obama on Saturday welcomed China's announcement that it would resume exchange rate reform to make its yuan currency more flexible.
"China's decision to increase the flexibility of its exchange rate is a constructive step that can help safeguard the recovery and contribute to a more balanced global economy," he said in a statement.
(Reporting by Alister bull, editing by Doina Chiacu)