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USDCNH's strong close yesterday and......>

CHINA YUAN
CHINA YUAN: USDCNH's strong close yesterday and the continues selloff in EM FX
puts the yuan at risk today, with any break above 6.8765 likely to suggest a
continuation in the multi-month uptrend. 
- The yuan is now trading at an all-time high relative to the JP Morgan EM FX
basket after August reversed all the yuan's underperformance, suggesting that
the yuan's weakness has not materially improved its export competitiveness. 

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