Stocks extended their winning streak Monday after China said it would allow its currency to appreciate against the dollar, a move that could provide a boost for U.S. manufacturers and exporters.
The Dow Jones industrial average rose for a fifth day but pulled well off its morning highs. The Dow rose about 60 points in afternoon trading after climbing nearly 144. Treasury prices fell after investors felt more secure about riskier investments and demand for safe holdings weakened.
China's trading partners complain that the country keeps its currency, the yuan, artificially low to bolster exports. At the same time, the weak currency makes imported goods expensive …
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