Vs Parity Pvs USD/CNY Central Parity 6.3351 6.3303 USD/CNY OTC 0830 GMT 6.3472 +0.19% 6.3378 High 6.3546 +0.31% Low 6.3350 -0.00% SHANGHAI (Dow Jones)--China's yuan fell against the U.S. dollar late Tuesday, tracking the currency pair's daily reference exchange rate, although traders believe that the central bank intervened for a third straight session to prevent the Chinese currency from softening even further. On the over-the-counter market, the dollar was at CNY6.3472 around 0830 GMT, up from CNY6.3378 late Monday. It traded between CNY6.3350 and CNY6.3546. The yuan is up 3.8% against the dollar this year and 7.6% since June 2010, when China ended its currency's peg to the dollar and vowed to make the yuan more flexible. Ahead of trading, the People's Bank of China fixed the dollar/yuan central parity rate at 6.3351, up from Monday's 6.3303, on the back of a broadly stronger dollar overseas. Traders said the PBOC may have intervened to support the yuan for a third straight session. "The trend appears to be that the PBOC will intervene when the greenback rises above the CNY6.35 mark," a Shanghai-based trader said. China is still intent to let the yuan appreciate further before year-end to possibly around CNY6.3000 against the greenback, the trader said. "These interventions in the market are in line with official rhetoric to keep the yuan stable," said a local bank trader in Beijing. Offshore, the yuan rose against the dollar in both the nondeliverable forward and spot markets on corporate demand for the yuan offshore. One-year dollar-yuan nondeliverable forward contracts fell to 6.3960/6.4010 from 6.4150/6.4190 late Monday in Asia, and implying a 0.8% fall in the yuan against the U.S. currency over the next year. In the offshore yuan market in Hong Kong, where the Chinese currency floats freely, the dollar-yuan exchange rate was at 6.3640 late Tuesday, down from 6.3775 late Monday. -By Jean Yung, Dow Jones Newswires; 8621 6120-1200; jean.yung@dowjones.com

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