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U.S.-China matters have taken the centre......>

FOREX
FOREX: U.S.-China matters have taken the centre stage as RTRS & WSJ separately
reported that the White House is planning to tighten controls on shipments to
Huawei, with Washington and Beijing set to continue their battle over technology
beyond the signing of their phase-one trade deal. The yuan was offered, with
USD/CNH extending its rebound from multi-month lows printed yesterday. The rate
showed above CNH6.9000 before halving the initial gains.
- Elsewhere, U.S. Tsy Sec Mnuchin said that there will be no side-agreements in
the phase-on pact, adding that existing tariffs on China will be reviewed after
a phase-two accord is reached.
- G10 price action has been lacklustre, safe havens outperform their riskier
peers, albeit very marginally. Asian EMFX struggle vs. the USD, gently pulling
back from recent highs.
- Coming up today we have UK inflation data, EZ industrial output, French &
Swedish CPIs, as well as U.S. PPI & Empire m'fing. Central bank speaker list
features ECB's Holzmann and Villeroy, BoE's Saunders and Fed's Harker, Daly and
Kaplan. Also of note will be the signing of phase-one Sino-U.S. trade accord. 

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