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China USD Sales May Have Triggered Stocks And Tsys Move

CROSS ASSET

The reported USD sales by China banks to keep CNY stable may help explain a) the sudden drop in the USD index around an hour ago b) coincident uptick in US equity futures and Tsys (stocks and Tsy futures have been moving in lockstep the last few sessions). Both moves reversing now though.

Source: BBG, MNI

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