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USDCNH found some resistance just above.......>

CHINA
CHINA: USDCNH found some resistance just above 6.94 after early strength on the
back of Chinese equity weakness. The pair has edged back to 6.9374, remaining
below the Oct 11 highs. EURCNH also remains below the 8.0 level as euro weakness
weighs. 
- However, US-China rate differentials continue to pressure the pair with
China's 2-year swap dropping 0.3bps to 2.88%, pushing the spread to 21.8bps in
the US's favour, a new cycle high. 

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