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USDCNH is trading at its daily highs at.......>

CHINA
CHINA: USDCNH is trading at its daily highs at 6.8492 as the pair recovers some
of the losses triggered by China-US trade talks headlines. The recent range
remains intact for now. 
- Stocks have also come off their highs with the 3200 level on the CSI300 still
in focus. Mainland stocks are underperforming as the AH Premium Index is down
almost 1% on the day. 
- Similarly, the 2-year interest rate swap is struggling to overcome key
resistance at the 3.0% level, trading at 2.98%. The ongoing rise in US rates has
seen China-US interest rate swap spreads fall to 45bps, which is not supportive
for continued yuan gains. 

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