The USD/CNH, or the offshore USD/CNY is lower at 6.3635 vs 6.3665 late Friday on improving risk appetite after the election victory for the pro-bailout New Democracy party in Greece, says senior trader at a U.K. bank; "furthermore, I've also spotted some corporate demand for the yuan, keeping the offshore pair under pressure today. Still, lingering concerns over the euro-zone debt crisis will limit declines in the pair," the trader says. He tips the offshore pair between 6.3570-6.3670 in the near term. Hong Kong Treasury Markets Association's USD/CNH fixing was set at 6.3633 vs Friday's 6.3660. One-year USD/CNY NDFs are quoted at 6.4030/6.4080 vs 6.4060/6.4150 late Friday in Asia.
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