Forex News: USD/CNY down at 6.8604 in OTC trade vs 6.8690 at yesterday's close; central parity set at 6.8581 vs 6.8567 yesterday. Guangzhou-based dealer with foreign bank says spot down on USD weakness overnight, but central parity set higher than expected given extent of USD drop; adds "yesterday's level was on the high side as well. It's hard to tell what the central bank's doing, but it pays to be cautious because it could just as likely let the fixing drop below 6.8500 tomorrow." Says USD demand strong so far; tips pair to mainly trade a little above 6.8600 this morning. EUR/CNY central parity set at 10.7820 vs 10.7372 yesterday. 1-year USD/CNY NDFs at 6.5000/6.5050 vs 6.5030/6.5110 late yesterday afternoon
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