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USD/CNH having a look below CNH6.9000, although the move is limited thus far, with lows of CNH6.8971 printed. The Aug 21 low at CNH6.8936 provides the initial point of support for the rate. Recent hard-line rhetoric from U.S. President Trump re: China has been deemed electioneering, with warmer trade tones evident over the last 24 hours (although, we should note that China needs to source its grains from abroad given the projected crop deficit forecasts evident over the coming years). Also worth noting that today's USD/CNY fix represented the lowest mid-point setting seen since January.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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