The USD/CNH, or offshore USD/CNY, falls amid light transactions, gains in China's stocks and positive economic data. The pair is at 6.2203, vs 6.2235 late Thursday in Asia. The preliminary HSBC China Manufacturing PMI hits a 14-month high of 50.9 in December, vs a final reading of 50.5 in November, boosting confidence in an economic rebound, says a Hong Kong-based trader at a Taiwan bank. "Investors' appetites are further strengthened by a small intervention from the central bank." He tips a 6.2180-6.2220 range for the pair in the near term. The PBOC has been spotted buying the USD to curb the CNY's rally throughout the week. The Hong Kong Treasury Markets Association set the USD/CNH fixing at 6.2226 vs Thursday's 6.2272.
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