The USD/CNH, or offshore USD/CNY, is higher at 6.2235 vs 6.2045 late Monday, in-line with the onshore USD/CNY's movement, says a senior trader at a local bank. "The PBOC bought a sizable amount of U.S. dollars in the spot market Tuesday, the second day in a row. This prompts some investors to follow suit, pushing up the offshore pair. Still, I see strong psychological resistance at 6.2300 in the near term," the trader says. The Hong Kong Treasury Markets Association set the USD/CNH fixing at 6.2130 vs Monday's 6.2083.
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