Good morning … With developments overnight in China, here’s an excerpt from The Morning Hark (15 Aug) Weaker set of Chinese data: Ind Prod YoY 3.7% vs exp 4.3%, Retail Sales YoY 2.5% vs exp 4.0% … This was accompanied with "surprise" easing by PBoC, 15bps MLF cut to 2.5%, the biggest drop since 2020
With the BRICS summit Aug 24th, huge spot indeed for King Dolla!