The Butterfly Effect Begins: Chinese Weakness Drags the Market Lower

China’s PMI ratio came in worse than expected. It was the trigger, yet not the key reason that eventually caused the yuan drop and the global market panic. Here is the reason:


from DailyFX - Forex Market News http://www.dailyfx.com/forex/fundamental/article/special_report/2016/01/04/The-Butterfly-Effect-Begins-Chinese-Weakness-Drags-the-Market-Lower.html?DFXfeeds=forex:fundamental:article:special_report