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MNI: *** Broader risk-off flows evident in the.......>

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MNI: *** Broader risk-off flows evident in the wake of USD/CNH cracking above
CNH7.00. Focus now on what USD/CNY does in onshore trade, with worry re: capital
flight from China if that cross breaches CNY7.00
- U.S. policymakers' response to this may be interesting.
- KRW struggling alongside CNH, as is AUD & NZD, which sit at the bottom of the
G10 FX table. JPY leads the G10 FX space, with CHF in second place, as the safe
havens witness fresh demand.
- T-Notes trade through Friday's highs, with e-mini S&P futures -15 at writing.
- China services & composite PMI data due in ~20 minutes, but that may take a
backseat to Chinese equity market trade and fluctuations in the yuan.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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