With offshore yuan collapsing near 6.90 – record lows – the USD Index has surged this morning, breaking above Dec 2015’s 100.51 level to trade at its highest since April 2003…
USD Index is up 8 days straight – the biggest surge since May 2015
Comparing the surge in the USD Index to Yuan’s weakness suggests plenty of room for the Chinese to let their currency tumble further…
At what point does this turmoil ripple back to US equities?
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