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US Dollar Jumps, Yuan Dumps, Dow Slumps As Chinese Return To Work

From zerohedge.com

The Lunar New Year celebrations are over - China was up... Europe was up... But The Dow closed down - is that even allowed? Chinese traders returned from their week-long vacation and played catch up to global stocks, with tech-heavy CHINEXT soaring 3.5%...Having drifted lower during the lunar new year celebrations, Offshore Yuan spiked at the open, but then plunged as the day wore on... European markets surged out of the gate after China's gains...US equities surged overnight as Europe opened then dumped it all back as the US cash markets opened...Futures show the late-Friday-close panic-buying gains evaporated...In ... (full story)

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  • Category: Fundamental Analysis