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The yuan was in the cross hairs..........>

CHINA YUAN
CHINA YUAN: The yuan was in the cross hairs overnight on the back of a softer
PBOC fix, with USD/CNH breaching RMB6.7000 to print a high of RMB6.7332, last
RMB6.7270, after a swift and brief pullback to RMB6.7045.
- Reuters sources have suggested that they have seen "major state-owned Chinese
banks swapping yuan for dollars in forwards and immediately selling them into
spot market, supporting 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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