USD/CNH, or offshore USD/CNY, extends its rally to 6.3385, from 6.3355 earlier Thursday and 6.3300 late Wednesday in Asia, amid heightened jitters after HSBC's preliminary May China PMI points to much slower growth in the world's second biggest economy, says a Hong Kong-based trader in a Taiwanese bank. The pair is likely to breach the 6.3400 level, tracking the safe-haven greenback amid lingering problems in the eurozone, the trader says, tipping it to track a 6.3360-6.3410 range in the near term. Hong Kong Treasury Markets Association's USD/CNH fixing was at 6.3360, vs 6.3290 Wednesday. One-year USD/CNY NDFs are at 6.3990/6.3420, jumping from 6.3900/6.3955 late Wednesday. Onshore, the USD/CNY rises to 6.3406, from 6.3345 late Wednesday. The PBOC fixes the central parity at a nearly three-month high of 6.3247, vs 6.3208 Wednesday.
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