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China’s Woes Grant US Dollar Bulls a Reprieve From Recent Weakness
China’s worsening economic outlook may supercharge demand for the world’s safest assets, with the dollar likely to be among the top beneficiaries. That’s according to strategists who reckon investors could double down on long greenback bets against the yuan and other emerging currencies as jitters around a Chinese downturn spur funds to dial back risk-taking. Traders wasted little time Monday in rushing back to the world’s foremost reserve currency after China’s central bank unexpectedly eased policy, underscoring the growing risks in Asia’s largest economy. The dollar surged by more than 1.2% against the ... (full story)