The dollar weakened against its major peers with euro among the outperformers. The yen climbed to the strongest level against the greenback since September. Treasuries dropped and equity-index futures for the S&P 500 and the Nasdaq 100 retreated. Japanese stocks fell at the open.
Nilesh Shah says China’s $1 trillion trade surplus is built on an undervalued Yuan, not just on innovation and competitiveness
Kotak MF’s Nilesh Shah says China’s trade surplus topping $1 trillion in 11 months is not just due to innovation and competitiveness, but also a