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CZECHIA

CZKJPY Settles Slightly Above 5

FRANCE T-BILL AUCTION RESULTS

12/21/47/51-week BTFs

WTI TECHS

Inverted Head And Shoulder In WTI?

PIPELINE

Banco de Chile on Tap

FOREX
FOREX: In a morning note from BAML, they like to buy USDCNH on dips and expect
the market will hold a spot range of Cnh7.00-7.06 for the time being. However,
BAML point out that delaying the tariffs on half the goods increases the
probability that the tariffs on the remainder will go ahead on 1 Sep (in fact
very likely now). So can't imagine China will view this as a meaningful
concession. Latest headlines from China says that officials are still planning
to visit Washington DC in Sept for the next round of face to face talks.