The Chinese Yuan reacted very negatively to the news, having its biggest down day since May 26th.
This of course, is better than bad for the US Dollar, which has been begging for a data point to go in its favor.
- Chinese Growth Has Slowed
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If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.read more