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USD/CNH eases to session lows of.........>

CHINA YUAN
CHINA YUAN: USD/CNH eases to session lows of CNH6.9405 on the back of the PBoC
confirming that it will offer CNH bills in HK later this month, although the
size of the auction was not disclosed. The auction can be viewed as a method of
propping up the the yuan by sapping offshore liquidity.
- Immediate support seen at CNH6.9380, uptrend support from the May 01 low.
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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