The USD/CNY may fall for the fourth consecutive session as dollar sales are not expected to show signs of letting up. Wednesday was the 12th straight session in which the yuan touched the top end of its band. Central parity is tipped below Wednesday's 6.2881. "It's hard to say if the yuan will reach its band limit again today, and we're expecting to eventually see a rebound in the dollar," says a Shanghai-based trader at a local bank. Offshore, one-year USD/CNY NDFs are at 6.3200/6.3240 from 6.3208/6.3273 late Wednesday. The pair was at 6.2252 late Wednesday, the yuan's highest level against the USD since the country adopted a modern currency-trading system in 1994.
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