The U.S. dollar lurched higher on Tuesday as China allowed its yuan to fall to levels last seen in 2012, a shift that could provide a competitive boost to exports for the world’s second-largest economy. Asian stocks turned mixed as investors weighed the implications of the surprise move, which seemed to end months of officially sanctioned yuan strength. China’s central bank set the midpoint for its currency at 6.2298 per dollar, down from Monday’s fix of 6.1162, and said it was aiming for a depreciation of 2 percent. Markets reacted by selling the Australian dollar, often used as a liquid proxy for the Chinese currency. The Aussie sank to $0.7314, compared with $0.7430 ahead of the news. Other currencies in the region […]