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CHINA YUAN: USDCNH has dropped 0.25% in early trading as the 200-dma gives way
at 6.7683. A close below here would give bears the near term edge, triggering a
potential run at the key 6.70 level.
- The PBOC returned from the week long break to set the yuan fix at 6.7459,
weakening it by the most since July, yet USDCNH remains 0.28% above the bank's
- US Trade Representative Robert Lighthizer and Treasury Secretary Steven
Mnuchin are leading a group of administration officials headed to Beijing.
China's Vice Premier Liu He is set to join the talks.
- Foreign reserve data will be released today ahead of money supply and trade
data later in the week.