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USDCNH has edged lower from yesterday's.......>

CHINA
CHINA: USDCNH has edged lower from yesterday's highs to trade at 6.8723, but
remains well bid following the break above 6.8400. 
- Chinese interest rate swaps continue to test cycle lows, with the 2-year
trading at 2.84%, 5.5bps inside the US. 
- Equities are set to open slightly higher following yesterday's heavy selling,
receiving a bid from strong gains in the US overnight, but the trend of weaker
yuan, weaker stocks, and lower rates remains firmly intact.

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