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The yuan is benefitting from a...........>

CHINA YUAN
CHINA YUAN: The yuan is benefitting from a perceived thawing of US-China trade
tensions with a BBG sources report earlier noting that Trump is increasingly
eager to strike a deal, which followed headlines that ongoing trade talks are
going well. 
- The improvement in risk appetite has seen USDCNH move back towards key support
marking the neckline going back to August. A break below 6.8400 would suggest a
significant trend change in the pair. 
- For now risk appetite is outweighing the impact of a further widening in
US-China rate spreads, with the 1-year spread hitting fresh multi-year highs
yesterday. 
- Inflation data is on deck tomorrow with analysts widely expecting CPI and PPI
to slow amid the drop in oil prices. 

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