The USD/CNY is tipped to open higher, tracking overnight gains in the dollar and a weaker euro. Central parity is tipped around 6.2930 vs 6.2911 Thursday. "The interbank liquidity situation has improved a little, but if the PBOC continues to set the fixing in a narrow range, the yuan will just continue to reach its 1% daily upper limit," says a Shanghai-based trader at an Asian bank. The pair was at 6.2282 late Thursday. Offshore, one-year USD/CNY NDFs are at 6.3136/6.3196 from 6.3126/6.3201 late Thursday.
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