USD/CNH attacked the CNH7.0 mark as it...>

CHINA YUAN: USD/CNH attacked the CNH7.0 mark as it jumped on the back of a round

of broader risk-off flows, with focus on the ongoing EU Council summit. The

PBoC's LPR fixing came and went, as the central bank left both 1-Year & 5-Year

rate unchanged, in line with expectations. The daily fixing of the central

USD/CNY mid-point was also ignored, as the rate was set at CNY6.9928, just below

the BBG est. of CNY6.9940.

- China's escalating tensions with a number of other nations continue to draw

attention. The UK may join Australia, Canada & the U.S. in suspending its

extradition treaty with Hong Kong, after Foreign Sec Raab signalled he might

announce as much later today.

- USD/CNH last deals at CNH6.9979, 51 pips better off. A break above Jul 14 high

of CNH7.0256 would please bulls, shifting focus to the 200-DMA at CNH7.0368.

Conversely, a break below Jul 9/15 troughs at CNH6.9809/07 would open up the

lower 3.0% Bollinger band at CNH6.9238.

- Little of note on China's data docket this week.