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Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Editor’s Picks 29 May 2015 at 4:30 GMT

China stocks extend selloff and keep Asia in check

Reuters
Chinese share markets extended a bruising selloff on Friday after the previous day's plunge, while the dollar took a breather from a sharp run up this week. The slide in China forced Asian markets off earlier gains, with the MSCI's broadest index of Asia-Pacific shares outside Japan flat. It shed more than 1% on Thursday. South Korean shares gained 0.4% and Australian stocks rose 1.2% Japan's Nikkei 225 was flat. In choppy trade, the Shanghai Composite Index was down 3.9% after diving nearly 7%on Thursday, when investors dumped stocks after more brokers tightened margin trading requirements and the central bank drained money to reduce flush liquidity in the financial system. "Although numerous triggers have been proposed for Thursday’s nearly 7 percent fall in the Shanghai Composite, none of these seem likely to have had a large enough impact on fundamentals to explain such a sizable move," economists at Capital Economics wrote.
Read full article at Reuters
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