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USDCNH has smashed back above ST.........>

CHINA YUAN
CHINA YUAN: USDCNH has smashed back above ST resistance we noted yesterday at
6.6500 on the news of additional US tariffs, with the chart looking increasingly
like a pennant continuation pattern. The pair trades at 6.6850 and a break back
below 6.6500 would be needed to shift the focus back lower. 
- Chinese swap rates have followed the stock market lower today, with the
China-US 1-year swap spread falling back to just 28bps as heightened trade war
fears suggest US and Chinese monetary policies will continue to diverge. 

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