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USD/CNH is having a look below...........>

CHINA YUAN
CHINA YUAN: USD/CNH is having a look below yesterday's worst levels. Broad-based
USD weakness allowed the rate to break below the key CNH7.0 level Wednesday and
it last sits at CNH6.9960, 26 pips worse off on the day.
- Relations between the U.S. and China remain tense. White House advisor Kudlow
told Fox that phase one trade deal is not dead, but "other areas, we have
tremendous difficulties with China". 
- A drop below CNH6.9849, which limited losses on Mar 16, would clear the way to
the 61.8% retracement of the YtD range/lower 3.0% Bollinger band at
CNH6.9797/73. Conversely, a jump above yesterday's peak at CNH7.0296 would open
up the 200-DMA, intersecting at CNH7.0412.
- Focus moves to China's inflation data, due later today.

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