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USDCNH is up slightly on the day as......>

CHINA YUAN
CHINA YUAN: USDCNH is up slightly on the day as the pair tests yesterday's
highs, trading at 6.8725 last. Bulls need to reclaim the 6.90 level which marks
up trendline support-turned-resistance from the Aug lows. Above here would allow
a retest of the 50-dma, currently at 6.9240, above which would resume the
broader uptrend. 
- Chinese market correlations have broken down in recent trading with the
recovery in equities failing to lift bond yields, but the yuan outperforming in
spite of this. 
- News that S&P Dow Jones is to add some China A-shares to global indices
appears to have supported stocks but not the yuan.

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