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FOREX: Little in the way of fresh news flow as the USD weakness extends, with
the greenback finding itself at the bottom of the G10 FX table. The Yuan has
been seen as the driving factor over the last couple of Asia-Pacific session,
USD/CNH ~450 pips lower on the day at writing, as the Chinese currency draws
support from hopes re: a top level U.S. China trade summit later this month and
a key technical break lower in recent sessions (previous support levels and
breaks were flagged in the MNI e-mail: MNI Analysis: USDCNH Breaks Pivotal
Support at 12:10 GMT 01/09).
- The high beta currencies, namely the Antipodeans & CAD are benefitting thus
far, and sit atop the G10 FX pile, while JPY & CHF underperform, alongside the