USD/CNY may challenge 6.8500 today, but market will be watching central parity rate closely for indication of PBOC's intentions, says Shanghai-based dealer at foreign bank. "The dollar was broadly down last night, which means the (USD/CNY) spot should fall today. But support has been strong so far at 6.8500 and the central bank may want to extend (the pair's) consolidation." Tips USD/CNY central parity to be set a little above 6.8500 or marginally lower. USD/CNY closed yesterday at 6.8690 in OTC trade.
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