News Snapshot:
Deteriorating political ties between Beijing and Western economies, along with further signs of a crackdown on Chinese tech companies, have caused a sell-off in Chinese equities, and a risk-off environment to start the week. This could help USD stay supported into the FOMC on Wednesday, while German IFO should be no game-changer for the EUR. USD: Focus on China before the FOMC US equities rebounded strongly last week and closed at record highs on Friday. In the Asian session, gains in Japanese stocks were more than offset by a sharp drop in China’s equity indices, which looks set to negatively...
