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NYSE Caught by Surprise as China Further Devalues Currency

China allowed the value of its currency to drop again Wednesday, prompting a second consecutive decline in some major stock markets around the world. There were lots of surprised faces at the New York Stock Exchange. Wall Street and the NYSE appeared stunned by the sudden action of the Chinese government. The floor of the exchange was humming and number one on the mind of traders and investors was the devaluation. U.S. stocks initially declined, but recovered most of their losses by...

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