Dollar Slumps as China Panic+Contagion Damp Prospects for Higher U.S. Rates

``The greenback reached its lowest since August versus the yen after a 7 percent rout in China's equity markets curtailed trading for the second time in four days, and the yuan slid to its weakest since 2011... Investors are starting to question whether the Federal Reserve can shrug off turmoil in the world's second-largest economy to proceed with the four rate hikes it projects by year-end. ''

And here's a news round-up:

• U.S., world stock markets slide as panic in China spreads
• Chinese Stock Plunge Forces a Trading Halt, and Global Markets Shudder
• How pulling the Chinese yuan thread frays the fabric of global markets