The Daily Shot 1/7/16: Global Macro Currents Jan7

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Greetings, It shouldn’t come as a surprise to our readers that we begin with China once again. Going into the Asia open, the spread between the onshore and the offshore yuan stood at record levels. Source: @tracyalloway Then the PBoC unexpectedly weakened the yuan by most since August (by fixing the midpoint 0.51% weaker than yesterday).

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The Daily Shot 10/1/15: Global Macro Currents Oct1

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Greetings, Once again let’s start with China where the latest manufacturing report suggests the situation is not as dire as some analysts have been predicting. China NBS Manufacturing PMI report was slightly better than consensus, sending S&P500 futures higher. It’s interesting to see global markets being more reactive to China’s fundamentals than China’s domestic markets.

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