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CNH breaking down slightly in recent.......>

CHINA FX
CHINA FX: CNH breaking down slightly in recent trade, helping nudge USD/CNH to
6.9625, highest level since November last year. No fresh news or headlines
crossing, with focus remaining on PBoC's Gang's commentary overnight, wherein
the central bank governor said that no yuan exchange-rate number is more
important than any other, pushing back against speculations that the Bank
intends to keep USD/CNY below CNY7.0000. Market closures across Hong Kong and
China are also keeping liquidity thin and price action erratic.

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