Macro Briefing | 6 August 2019

US Treasury labels China as “currency manipulator”: WSJ
Currency-war risk is rising: CNBC
China acts to limit weakness in yuan: Bloomberg
N. Korea launches missiles into sea for 4th time within 2 weeks: Reuters
Former Fed governors warn that central bank should remain independent: CNN
German factory orders rebounded in June: Bloomberg
Global output edged up to three-month high in July: IHS Markit
Services PMI for US ticked up in July to four-month high: IHS Markit
US services growth (ISM Non-MFg Index) fell to three-year low in July: CNBC
10-year Treasury yield drops to 1.75%–lowest since 2016: