A woman counts yuan at a branch of China Construction Bank.
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China's devaluation of the yuan sent the dollar and euro soaring against currencies from commodity-exporting nations, as investors retreated to haven assets.The greenback strengthened 1.7 percent to 72.86 cents per Australian dollar as of 11:52 a.m. New York time, and appreciated 1.4 percent versus New Zealand's kiwi to 65.26 cents.The euro also gained versus the antipodean currencies, adding 2 percent against the Aussie, and 1.7 percent versus the kiwi. The dollar and euro rallied as investors fled China-exposed markets for the relative safety of U.S. and European government debt. China's central bank cut its daily reference rate for the yuan by 1.9 percent Tuesday, triggering the yuan's biggest one-day drop since the nation ended its dual-currency system in January 1994 .
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