The USD/CNH, or offshore USD/CNY rises, tracking the greenback's strength against most Asian currencies. The pair is last at 6.3265 vs 6.3240 late Monday in Asia. The pair will likely to stay near the upper end of the 6.3250-6.3300 band as some players adopt a risk-averse stance, with Spain's 10-year government bond yield shooting above 6%, says a senior trader at a local bank. The Hong Kong Treasury Markets Association set the USD/CNH fixing at 6.3271 vs Monday's 6.3210. The PBOC set the central parity at 6.3353 vs Monday's 6.3295.
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