The United States should not press China for an immediate sharp rise in the value of its yuan currency because that could be bad for both countries, the leader of a top U.S. business group said.

"While the currency thing is a real challenge, if we were to force the Chinese to adjust, they would simply drop the price of the products and that would have a more negative effect," U.S. Chamber of Commerce President Thomas Donohue said in an interview with Reuters Insider.

"The issue on the currency should be done in an evolutionary way. It should continue to happen, but a revolutionary change in currency will probably not help either party," Donohue said. (Reuters)