Usd/cny Trades to Remain Choppy, Bullish Bias Intact



Plunge in stock markets, liquidity probably on govt's new bond rules dominate Expect the repo and bond yield curves to continue higher PBOC likely to keep fix low, in line with lower dollars overnight USD/CNY and USD/CNH risks further squeeze above 3.20 Nov CPI and PPI eyed, exp 1.6%y/y and -2.4%y/y respectively

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