Dollar jumps after China devalues currency again

The dollar rose against a range of Asia-Pacific currencies on Wednesday after China cut the value of the yuan against the greenback for a second consecutive day. The US unit also strengthened against the Australian dollar, which is often seen as a proxy for China's yuan, with the Aussie at 72.55 US cents from 73.47 cents on Tuesday. "The government is focused on domestic issues rather than global implications at the moment, employing all the possible means to stabilise the economy,&quo