Forex News USD/CNY stays lower midday at 6.8281 in OTC trade vs 6.8297 yesterday close; tipped to consolidate in 6.8250-6.8350 range in afternoon. CNY strengthening despite USD's overnight gains because CNY still undervalued, today's lower-than-expected USD/CNY fixing, traders say; "policy makers may take the yuan's appreciation as a way to curb inflation," says Shenzhen-based dealer with local bank; expects further CNY appreciation in near term.
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