China concerns weigh heavily on US crude oil

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    China markets received further punishment on Monday as anxious investors rejected the efforts by the Peoples Bank of China (PBoC) to support the Renminbi in a move to calm concerns about a competitive devaluation. The Shanghai Composite Index already under intense pressure plunged by 5% dragging other Asian equities to their lowest in more than four years following the growing unease around Beijing’s ability to jumpstart the visible slowdown in economic momentum. Fears have heightened over

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