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USDCNH is trading back down at 6.9040, down...>

CHINA
CHINA: USDCNH is trading back down at 6.9040, down ~0.3% on the day as the yuan
benefits from news that the Chinese Finance Ministry will adjust import and
export tariffs on some products from Jan 1.
- Chinese stocks are also benefitting, with A shares recovering early losses to
trade higher on the day even as H-shares remain in the red. The CSI300 posted a
marginal new ytd low earlier but is back above its Oct 19 low last. 
- A positive divergence is showing with the Chinext up 0.7% on the day,
remaining well clear of its Oct lows. The index had previously led on the way
down and its recent stability is a positive signal for the broader market. 

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