The U.S. dollar started the week mostly steady against its European rivals, though the buck tumbled against its risk-sensitive counterparts in Australia, New Zealand and Canada, following China's weekend decision to allow its currency to strengthen.Since July 2008, China had essentially tethered the yuan to the U.S. dollar to help protect the world's third-largest economy from the global financial crisis. The move Saturday by the People's Bank of China, the nation's central bank, boosted investor appetite for riskier assets on the notion a freer Chinese currency might stimulate global economic activity.
Chinese Yuan Strengthens as Peg Ends
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