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Yuan crosses are clinging to recent......>

CHINA YUAN
CHINA YUAN: Yuan crosses are clinging to recent gains with the yuan
outperforming even as USDCNH remains near range highs around the 6.92 level and
Chinese stocks come under renewed downside pressure.
- EURCNH continues to hold below support-turned-resistance at the 7.90 level,
keeping the downtrend intact and the focus on Friday's low at 7.84.
- CNHJPY trades up marginally on the day after recovering losses yesterday to
keep down trendline resistance at 16.55 in focus. 
- The yuan's real effective exchange rate has actually appreciated over the past
few months even as the USDCNH has trended higher.

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