Not too surprising, that most of the.....>

CHINA YUAN: Not too surprising, that most of the market action has been in China

and particularly the Yuan. (see FX turnovers below) 

- Plenty of overnight report on the FT, Politico and WSJ, that the US could

potentially delay some Tariffs due in mid Dec. 

- USD/CNH is trading at levels last seen on the 5th August, with obvious next

step towards 6.95, which would require another 0.5% gain for the Yuan. 

- Still worth keeping in mind, that we are still have long way to go. China is

unlikely to budge much, and there's still concerns on IP and development

mechanism. 

*     FX TURNOVERS: 

     % of 5DA % of 10DA 

CNY     101%     119% 

EUR     27%       31% 

GBP     26%       24% 

JPY     41%       47%