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China and the Dollar May Be About to Collide
Critical information ahead of the market’s open
by Barbara Kollmeyer
Market Watch
Who wants a boring Monday, anyway? Chinese shares saw the biggest daily fall since 2007 overnight, partly on fears that officials may be trying to pull back on supporting the market. And that means things got ugly all over again — unless you’re a gold bug. The metal’s closing in on $1,100 an ounce.
Check out our chart of the day, which offers one theory why sellers aren’t yet done with Shanghai.
China’s worries have spread to oil, which is adding to last week’s 5% drop. With commodity prices lower, some say it looks less worrying on the inflation front, reducing the chances of a near-term Fed hike. The CME Group’s FedWatch finds a 51.3% implied probability of a 25 basis-point Fed hike in September. For October, that same 25-basis-point expectation is around 43.8%.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2015/07/china-and-the-dollar-may-be-about-to-collide/?utm_source=rss&utm_medium=rss&utm_campaign=china-and-the-dollar-may-be-about-to-collide
