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USDCNH closed strong last week, above....>

CHINA YUAN
CHINA YUAN: USDCNH closed strong last week, above its 21-dma, and remains on the
front foot this morning trading at 6.8643. The strength came amid broad-based
dollar gains, particularly relative to emerging market FX. 
- 6.8954 is the next level of resistance representing the Aug 23 highs, and a
break above here would suggest a resumption of the bullish trend in the pair as
the Aug 15 highs come back into play.
- China's trade data released over the weekend was slightly positive on balance
from the yuan's perspective, with the trade balance remaining intact despite
surging imports.
- CPI and PPI will be released shortly at 9:30CST. 

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