2012.05.07 04:17:48 MARKET TALK: USD/CNH Biased Up; 6.3080-6.3180 Band Eyed

0217 GMT [Dow Jones] The USD/CNH, or offshore USD/CNY, rises to 6.3145 vs 6.3055 late Friday in Asia tracking a higher onshore USD/CNY fixing by the PBOC, says a senior trader at a U.S. bank. The PBOC set the USD/CNY central parity at 6.2858 vs 6.2721 Friday. "The election results in France and Greece also exacerbate concerns over the Euro-zone debt crisis, which is supportive for the safe-haven greenback," the trader says, adding foreign banks are the key buyers of the USD/CNH. He tips the pair to trade in a 6.3080-6.3180 band in the near term. (chester.yung@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 06, 2012 22:17 ET (02:17 GMT)