USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

China's offshore yuan extended its spike in early Asia trading, pushing back below 7/USD - its strongest vs the greenback in almost four months...

That triggered weakness in the dollar...

US equity futures are tumbling back from early gains...

And gold is bid...

What is China doing?

Are they pumping the yuan and stocks to provide a cushion for when Trump's rising rhetoric turns into executive orders?