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…
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At what point does this turmoil ripple back to US equities?
