This is what’s going on with EUR and China #65

It is unusual to see such strong action in August and lots more is coming. We look at the major phenomenons: the situation in China and the euro’s erratic behavior before previewing the big events ahead.

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  1. Chinese economic conditions: China giveth and China taketh away. The turmoil originated from the world’s No. 2 economy. So what’s really going on there?
  2. EUR behavior: How come the euro weakens on good Greek news? And why did it leap when stock markets crashed. We provide an in-depth explanation.
  3. Big events ahead: A full buildup to the NFP which determines the rate hike and the all important ECB meeting promise an explosive week, and that’s not all.

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