The USD/CNY may open lower tracking Monday's losses in the dollar offshore as sentiment over the euro zone's fate improved. Central parity is tipped around 6.3200 vs 6.3276 Monday. Traders say liquidity in the spot market favors short dollar positions. "While the dollar has fallen against the euro, the dollar's losses appear less pronounced when compared against Asian currencies, so the yuan's gains today could be limited," says a Shanghai-based trader at a foreign bank. The pair was at 6.3645 late Monday. Offshore, one-year USD/CNY NDFs are down at 6.4310/6.4360 from 6.4325/6.4375 late Monday.
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