Further relief for TRY and CNH dictated.......>

FOREX: Further relief for TRY and CNH dictated play from the get-go yesterday

with EU and US traders buying both in response to reports that the US and China

are to resume trade talks. CNH recovered as much as 1.5% against the USD, and

the pair remains under pressure at 6.8650.

- The rally in CNH has not really translated much into AUD and NZD, which

although trading higher yesterday ended a long way from their highs. AUDUSD

trades at 0.7261, with 0.7250 acting as support once again. NZDUSD's failure to

push above Tuesday's high at 0.6610 has seen it fall back into range at 0.6586.

- USDJPY was an outperformer yesterday, following US stocks higher, but

continues to trade in range, currently at 110.97.