A blip lower for USD/CNH on the back.....>

CHINA YUAN: A blip lower for USD/CNH on the back of a marginally firmer than

expected CNY fix from the PBoC, with USD/CNH briefly threatening a break below

CNH7.1200 for the first time since May 21, rate now back to little changed at

CNH7.1260. Below CNH7.1200 focus would shift to the 50-DMA at CNH7.1050.

- A reminder that Monday saw the PBoC note that it will temporarily purchase

small business loans from some local banks, as it looks to boost lending to the

real economy.

- Elsewhere, Monday saw a BBG report note that "Chinese government officials

told major state-run agricultural companies to pause purchases of some American

farm goods including soybeans as Beijing evaluates the ongoing escalation of

tensions with the U.S. over Hong Kong, according to people familiar with the

situation. State-owned traders Cofco and Sinograin were ordered to suspend

purchases, according to one of the people, who asked not to be identified

discussing a private matter. Chinese buyers have also canceled an unspecified

number of U.S. pork orders, one of the people said. Private companies haven't

been told to halt imports, according to one of the people."