LONDON -- World stock markets rallied Monday on China's decision to allow its currency to appreciate against the dollar, a move that will allow it to keep interest rates low and will help rebalance growth in the world economy.The loosening of the yuan's two-year-old peg to the dollar caused the dollar to slump to 6.8016 yuan from 6.8272 yuan on Friday, though a limit on the daily trading range is expected to prevent much larger movements.
Global Stocks Up on China's Yuan Decision
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