China and the US not as bad? – TDS

By FXStreet Analysts at TD Securities explained that China’s ability to warehouse manufacturing vol is gone and their contribution to global demand recedes.

Key Quotes:

“Meanwhile, bank b/s remain less able to warehouse market risks. Markets disagree on the underlying problems and possible solutions, but global economy is better than markets fear, but worse than US fundamentals appear in isolation.”
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Source:: FX Street