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Equity Correction Upsets USD

Equity Correction Upsets USD

4 Years ago | August 23, 2015 00:00:00

John M. Bland


China, Oil, And Fed Uncertainty Persists

The focus of trade in the latest week has been on the corrections in major equity markets. There have been several triggers for the sell-off.  First, the PBOC decision to "devalue" the Renminbi in the prior week has been a partial trigger for the equity correction, because many U.S. companies depend on China for earnings. On Friday, a flash PMI report from China was disappointing, and added to the China worries. A second trigger for the equity sell-off was

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