As Goes China, So Goes The World
Zero Hedge -

Via Nordea 

China and the CNY are key for the global cycle. If USD/CNY continues higher, it may worsen the global slowdown already predicted by our models.

In the latest FX weekly we suggested it was time for a little breather in the trade war, at least between the EU and the US. This has been temporary good news for e.g. cyclical equities but bad news for bonds. However, when we look a bit further ahead, we continue to see worrisome signs for the global industrial cycle, as for instance...


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