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FL: China onshore weakens again today. USD/CNY above 6.9 May 17, 2019 at 03:35AM

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7 is thought to be a bit of a line in the sand. Not there quite yet but not far away at the pace CNY is losing ground:
The PBOC has been allowing the yuan to fall. The view is the currency is not being ‘weaponised’ (i.e falling to make Chinese goods cheaper in the face

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