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REORIENT Group Limited | Home page
China’s RMB devaluation is a plus for equity markets. 13 AUG DAVID GOLDMAN. The clearest signal this time came from fed funds futures, which took 10 basis points off the expected funds rate twelve months out in response to China’s currency move.'. In tandem with fed funds futures, the trade-weighted dollar index (DXY) came off its recent highs in response to the PBoC. We expect a snapback in equity prices around the world in the Wednesday session as investors elsewhere draw the same conclusion as Wall St...
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