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USDCNH trades in lackluster fashion......>

CHINA YUAN
CHINA YUAN: USDCNH trades in lackluster fashion today around 6.9160 despite the
PBOC fix coming in at the lower end of expectations and the dollar showing
weakness generally.
- Comments from President Trump that he believes he will make a deal with
President Xi saw some brief selling pressure but the downside was capped just
below 6.91. 
- Swap markets are edging lower following on from yesterday's losses, with the
2-year now at 2.850%, taking the US-China spread to fresh highs at 26.1bps. 

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