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USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

Summary:
China's offshore yuan extended its spike in early Asia trading, pushing back below 7/USD - its strongest vs the greenback in almost four months... That triggered weakness in the dollar... US equity futures are tumbling back from early gains... And gold is bid... What is China doing? Are they pumping the yuan and stocks to provide a cushion for when Trump's rising rhetoric turns into executive orders?

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China's offshore yuan extended its spike in early Asia trading, pushing back below 7/USD - its strongest vs the greenback in almost four months...

USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

That triggered weakness in the dollar...

USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

US equity futures are tumbling back from early gains...

USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

And gold is bid...

USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

What is China doing?

USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

Are they pumping the yuan and stocks to provide a cushion for when Trump's rising rhetoric turns into executive orders?

Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit.

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