The USD/CNH, or offshore USD/CNY, is lower on hopes the CNY will gain. The pair is at 6.2090, vs 6.2100 late Thursday in Asia. "The pair is weighed by heavy buying interest in the renminbi, shrugging off a higher fixing by the central bank," says a Hong Kong-based trader at a European bank, bringing the pair roughly 200 bps below the onshore pair. The pair is likely skewed towards the low end of a 6.2050-6.2090 range, tips the trader, adding investors are keeping their eyes on U.S. non-farm payrolls data out later in the global day for cues. The Hong Kong Treasury Markets Association set the USD/CNH fixing at 6.2100 vs Thursday's 6.2118. The PBOC set the central parity slightly higher at 6.2930 vs Thursday's 6.2911.
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