Sell Off in China Spreads to U.S. Equity Markets

The theme this morning in the currency markets is risk aversion as Chinese stocks fell nearly 7% overnight triggering a move into the safety of the U.S. Dollar. Sentiment continues to build that the Chinese government will attempt to curb over capacity in the economy by restricting the practice of reckless lending. Many investors feel the Chinese stock market has surged this year due to the availability of massive capital. The excessive liquidity has encouraged Chinese