Boy, that escalated quickly… Easing into 2016? No chance! From yesterday’s open, it was very clear that the session’s theme was going to be risk-off. The commodity currencies were smashed from the open, even before traders got to digest the day’s data out of China. By the time Chinese Caixin Manufacturing PMI missed expectations, the damage had been done but little did we know that it was just going to be the beginning! It was all down hill from there, with the Chinese stock market even having
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