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TRADE WAR: The Chinese yuan is getting smoked, as are US stock futures and the Aussie dollar

“Mainland Chinese financial markets will begin to open up from 11am AEST (9pm ET)” writes David Scutt for businessinsider.com. The move in offshore traded yuan suggests it could be another tricky session for Chinese financial markets after staging a modest bounce over the past few days.US stock futures are also down by between 0.2% to 0.9% with the largest decline seen in the Dow, that most exposed to foreign trade and earnings.Like the yuan, other risk assets have also come under pressure, especially the Australian dollar which has fallen 0.6% against the greenback to .7412.
Source: businessinsider.com

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