Forex News USD/CNY expected to rise as PBOC likely to set central parity higher on further USD strength overnight vs EUR, JPY; central parity eyed at 6.8320 vs 6.8279 yesterday; trading band likely at 6.820-6.840. Shanghai-based trader at local bank says USD/globals moves to be main factors for USD/CNY near term; "it's possible that the government will aim to keep the yuan in a particularly stable range before and during the Olympics."
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