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The yuan is on the back foot with the U.S.....>

CHINA
CHINA: The yuan is on the back foot with the U.S. set to impose tariffs on $34bn
worth of Chinese goods at the top of the hour. USD/CNY trades at 6.6655, with
USD/CNH at 6.6845, both crosses are over 250 points higher. The Shanghai Comp
had lost over 1.1% at one point, but went into the lunch break only 0.3% lower.
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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