Daily Brief Financials: Dollar Index, China SCE and more

• USD dip/rise into overshoot zone as the green back begins to feel out a topping zone. The dollar typically tops a few weeks ahead of and equity troughing cycle.
• DXY met our 110.50-111 tactical top target where we reduced overdone USD longs and placed a short bet (AUD and SGD) for a dip/rally.
• Expect USD splinters to appear in coming weeks as the DXY top near the 111.25 projection if we hold 107.50 now.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• China SCE
• Yuexiu Property