Published at 02:05 (GMT) 10 Nov

Chart

USD/CNY trending lower in the session as the dollar remains under pressure. However, in-line with ongoing policy, we do not expect any significant move away from today's softer 6.8268 fix. Spot firmer in early trading, back at the 6.8270 handle as the dollar sees some buying back in the session. Some focus on complaints on "undervalued" CNY ahead of Pres Obama meeting with his Chinese counterpart although officials in China apparently do not feel the same (SEARCH: USD CHINA SLAMS). Looking at NDFs, offshore players still appear convinced by dollar weakness with the 1-yr still relatively weighed. Prices just off day lows, around the 6.61 handle. CR