The USD/CNY falls after a lower central parity, but prices are down more in the one-day forward market. The pair was at 6.2263, the yuan's upper limit for Friday vs 6.2281 late Thursday. The fixing was set at 6.2892 vs 6.2910 Thursday. The one-year forward, which is a popular alternative to the spot, is quoted at 6.2000 vs 6.2060 late Thursday. "People are clearly expressing their views via the forward market now and they don't care too much about the fixing anymore," says a Shanghai-based foreign bank trader. Offshore, one-year USD/CNY NDFs are down at 6.3147/6.3227 from 6.3285/6.3300 late Thursday.
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