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USD/CNH has had a brief look below.......>

CHINA YUAN
CHINA YUAN: USD/CNH has had a brief look below CNH6.7200, and trades at levels
not seen since Feb 1 after Tuesday saw BBG sources suggest that "the U.S. is
asking China to keep the value of the yuan stable as part of trade negotiations
between the world's two largest economies, a move aimed at neutralizing any
effort by Beijing to devalue its currency to counter American tariffs."
- The late Jan 30-Feb 01 intraday lows sandwiched between CNH6.7057-6.7019
provide the last area of technical support ahead of CNH6.7000, with eyes on the
ongoing Sino-U.S. trade talks in Washington, ahead of the ministerial level
talks scheduled for Thursday & Friday.
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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