The Chinese currency has dropped as trade talks with the US deteriorated.
And again, over the weekend the outlook has dimmed further, ICYMI:
- Trump on Twitter - Says trade deal will be far worse for China in his 2nd term
- White House economic adviser Larry Kudlow says both the US and China "will suffer" in trade war
- Heads up early warning for a headline coming from China on the trade war Monday
- Today's (China - US trade war related) four-letter word is (warning, NSFW) ... 'hope'
- Trump on Twitter again re China trade war - promises bail out for US farmers
- US equity overnight (Globex) futures open lower
- China press (People's Daily) says the US obstructs trade talk progress
- US President Trump taunting China further on Twitter ... "ripping off America!"
Daily offshore yuan:
AUD is falling further Yen strengthening. Overnight US stock index futures are getting hard solidly also, down more than 1% as I update.
