The war of words (China) and deeds (US) is hotting up once again tonight, sending

the Dollar Index careening back to new cycle lows...

Following Wilbur Ross' "China's direct threat" comments today in Davos, China's
MOFCOM has responded with the most aggressive rhetoric yet..

CHINA SAYS USTR REPORT OVERLOOKS FACT, SHOWS UNILATERALISM

CHINA "STRONGLY OPPOSES" USTR REPORT: COMMERCE MINISTRY
CHINA DOESN'T WANT ESCALATION OF TRADE SPATS WITH U.S.: MOFCOM
CHINA ALWAYS OPEN TO DIALOGUE, COOPERATION WITH U.S.: MOFCOM
CHINA TO TAKE APPROPRIATE MEASURES AGAINST UNILATERAL MOVES
MOFCOM SAYS CHINA TRADE FRICTIONS OUTLOOK STILL SEVERE IN 2018
CHINA HOPES TO HANDLE FRICTIONS WITH US IN PROPER MANNER:MOFCOM

Which has sparked another leg down in the relentless dollar dump...

https://www.zerohedge.com/sites/default/files/inline-images/20180124_dollar.jpg

The collapse in the dollar has sent the Yuan back up near its pre-2015-devaluation
levels...

https://www.zerohedge.com/sites/default/files/inline-images/20180124_dollar1.jpg

The rapid appreciation against the dollar has fueled speculation policy makers will
take additional steps to slow the the pace of gains, although its relatively slower
ascent against a basket of peers may make the strength less of an issue than last
time round.

"The rapid strengthening has triggered a panic in the market, aggravating the
sentiment to sell the dollar," said Tommy Xie, an economist at Oversea-Chinese
Banking Corp. in Singapore. "Apart from the weakening dollar, high onshore funding
rates and strong demand for cross-border financing will both take foreign
currencies back to China."

Perhaps more notable is the fact that the world�s most overheated market has at
last succumbed to gravity.

https://www.zerohedge.com/sites/default/files/inline-images/20180124_dollar2.jpg

The Hang Seng China Enterprises Index slumped as much as 2.1 percent on Thursday,
heading for its first down day since Dec. 27, with financial shares leading losses.
The gauge, which tracks Chinese stocks listed in Hong Kong, is still up 14 percent
for the year and beating virtually all other equity benchmarks in the world.
Business Finance

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Profile picture for user tncaver
tncaver Jan 24, 2018 11:12 PM Permalink

Who the hell forgot to empty the roach motel and let all these libtard cockroaches
in here to comment.
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Laughing.Man Jan 24, 2018 11:04 PM Permalink

Did China delay that oil future contract again?

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Drop-Hammer Jan 24, 2018 10:36 PM Permalink

Oh noes! No more rubber dog-sh*t or fake vomit from China.

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lester1 Jan 24, 2018 10:35 PM Permalink

Please. Communist China can't do shit. Good luck not getting anymore food and oil
from the USA !! Your people will starve and your gas prices will skyrocket!

wanna dump US Treasuries? Fine, the Fed and Belgium will buy them up. ????
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Profile picture for user aurum4040
aurum4040 lester1 Jan 24, 2018 11:15 PM Permalink

What are you talking about? China imports very small amount oil from the US. Why do
you think they are in the SCS?

They can get buy without our food as well. Our GMO garbage....Obviously the market
believes China has the upper hand. Forex market is very, very rarely wrong on
something of this magnitude.

In reply to Please. China can't do shit� by lester1

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Profile picture for user Yen Cross
Yen Cross Jan 24, 2018 10:19 PM Permalink

I would imagine European exporters are getting pretty pissed off. The eur/usd is
up 18.00% over the December 2016 cycle lows.

This thing is running on vapors now. Just like everything else...

This chart is UGLY for Chinese exports > USDCNY=X Interactive Stock Chart
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Jdhank Jan 24, 2018 10:18 PM Permalink

Get ready for Au and Ag to make their big moves with China, India & Russia driving
them higher.

The BIS & ComEx will be impotent to fight them off with their previously successful
method of selling (dumping) paper contracts (open-interest). Those who've been
holding huge Short, PM contracts will get scalped.
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Profile picture for user Consuelo
Consuelo Jan 24, 2018 10:14 PM Permalink

Who else here sees a shiny object (#79) on the horizon --- about to come into view,
Bigly...?
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red1chief Consuelo Jan 24, 2018 10:40 PM Permalink

Downvote for the return key before you type!

In reply to � by Consuelo
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Consuelo red1chief Jan 24, 2018 11:27 PM Permalink
Downvote for the... Oh I don't know - because Fuck You.

In reply to Downvote for the return key� by red1chief

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Profile picture for user rjdsaldanha
rjdsaldanha Jan 24, 2018 10:10 PM Permalink

EVERYDAY I CLEAN MY ASS TO SHEETS OF THE BOOK "THE PRICE OF INEQUALITY" OF MR.
STIGLITZ
AND ESPECIALLY WHEN I HAVE DIARRHEA
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stizazz Jan 24, 2018 10:07 PM Permalink

Dollar resumes Nosedive?

How can it do that if it's ALREADY DEAD?

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PitBullsRule Jan 24, 2018 10:05 PM Permalink

The Trump dollar

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Profile picture for user Cognitive Dissonance
Cognitive Dissonance Jan 24, 2018 10:01 PM Permalink

Just the way 'they' want it.

Every US politician says they want a strong dollar while doing everything they can
to weaken it.
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Profile picture for user aurum4040
aurum4040 Cognitive Dissonance Jan 24, 2018 11:25 PM Permalink

What they want is a dollar that promotes exports, yet affords oil at a price that
makes it fairly profitable to frack. We have to be able to flood the oil market on
short notice when wti tries to crack 90 again. We have to be able to cap it. And
thus put floor on the dollar....Barring a black swan UST auction failure.

In reply to Just the way 'they' want it� by Cognitive Dissonance

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Profile picture for user ebworthen
ebworthen Cognitive Dissonance Jan 24, 2018 10:17 PM Permalink

Bring back the Deutschmark!

Oh wait...

https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic

In reply to Just the way 'they' want it� by Cognitive Dissonance

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Profile picture for user Secret Weapon
Secret Weapon Cognitive Dissonance Jan 24, 2018 10:05 PM Permalink

Weak dollar does one thing. It fucks the average American in the neck.

In reply to Just the way 'they' want it� by Cognitive Dissonance

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Profile picture for user NoDecaf
NoDecaf Secret Weapon Jan 24, 2018 10:27 PM Permalink

oh no, not the neck fuck again, just when I was starting to get used to this boot
on my face

In reply to Weak dollar does one thing. � by Secret Weapon

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Juggernaut x2 Secret Weapon Jan 24, 2018 10:23 PM Permalink

I thought the Orange Dotard campaigned on a strong dollar- oh well- just like DACA
it was all fucking BS.

In reply to Weak dollar does one thing. � by Secret Weapon

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red1chief Juggernaut x2 Jan 24, 2018 10:42 PM Permalink

How can the "Rocket Man" be bad? He came up with a funny name that stuck.

In reply to I thought the Orange Dotard� by Juggernaut x2

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BandGap Jan 24, 2018 10:01 PM Permalink

Whose turn is it to devalue their currency once we are finished?

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Profile picture for user Cognitive Dissonance
Cognitive Dissonance BandGap Jan 24, 2018 10:02 PM Permalink

It doesn't matter who's the next turd, just the last turd to be flushed.