Anna very warm welcome to bloomberg daybreak. Rallied,e yuan has 2. 21 . The biggest weekly rally on record. What do you do when the dollar drops and you want to get control of your currency . Bit less thantle what the market expected. What we have for you this morning i want to bring you back to january of last year. Rateis when the borrowing ratcheted higher. They are squeezing. Is rising andrate the fixing rate is rising and the probability of the market taking the dollaryuan above 70 has dropped from 65 to 36 . Is a veryave here active Interventionist Movement by the pboc. Perhaps they are sending a message to donald trump. Anna china says they are doing some expectation management. Lookesting that when you back to january of last year and what this spike in overnight lead to,yuan deposits it led to a strengthening in the chinese currency over the next two months. Whether that will occur again we will see. Hasus bring it into what been happening overnight in the asian equities sess