Pantheon Macroeconomics - The sell-off in risky assets intensified while we were away, driven by China's decision to loosen its grip on the currency, and looming rate hikes in the U.S. The Chinese move partly shows, we think, the PBoC is uncomfortable pegging to a strengthening dollar amid the unwinding investment boom and weakness in manufacturing.

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24 August. 2015 U.S and U.K. Demand, Not China, Drives the Eurozone Trade Surplus

By Claus Vistesen

The sell-off in risky assets intensified while we were away, driven by China's decision to loosen its grip on the currency, and looming rate hikes in the U.S. The Chinese move partly shows, we think, the PBoC is uncomfortable pegging to a strengthening dollar amid the unwinding investment boom and weakness in manufacturing.

Posted: 24th Aug 2015 in 'Eurozone Documents'

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