PBOC Sets Yuan Midpoint at 6.7249, 49 Pips Stronger

The fix remains noticeably weaker than where onshore spot and the overnight session actually traded, leaving a gap between the official midpoint and market pricing. That spread is the detail worth watching: it signals how much room the PBOC is allowing the yuan to run stronger than its daily reference point, and whether that tolerance persists. For anyone with yuan exposure, the fixing bias, not the headline pip change, is the more informative signal.