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Chinese assets have had a stellar day with....>

CHINA: Chinese assets have had a stellar day with USDCNH down 0.5% on the day
taking the weekly drop to 1.5%. The pair last trades at 6.7530 as the 200-dma
comes into focus at 6.7196. EURCNH has dropped back below its 200-dma to bring
key neckline support 7.7350 into play. Below here would suggest significant
further yuan outperformance. 
- Equities have also shrugged off some midday weakness to sit up ~0.6% for both
A shares and H shares. Indices continue their recovery off the Jan 4 lows. 
- The strength in stocks has not translated to rising rates with 2-year swaps
actually down 4.5bps on the day bringing the Jan 8 lows into focus. A stronger
yuan is seemingly raising bets of further PBOC easing. 
- The only major news that hit today on China was a WSJ headline noting a
potential visit by China's top trade envoy to the US at the end of the month,
which seems to have provided a tailwind to assets. 

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