0220 GMT [Dow Jones] The USD/CNH, or offshore USD/CNY falls to 6.3575
vs 6.3588 late Tuesday in Asia, tracking the lower onshore USD/CNY
fixing by the PBOC, says a senior trader at a U.K. bank. "The EUR's
recent rise against the USD is also weighing on the offshore pair,
keeping the USD/CNH downwardly biased," the trader adds. He tips the
pair to trade in a 6.3530-6.3630 band in the near term. The PBOC set
the central parity for the onshore USD/CNY at 6.3348 vs Tuesday's
6.3418. (chester.yung@dowjones.com)
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(END) Dow Jones Newswires
August 21, 2012 22:20 ET (02:20 GMT)
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