Offshore yuan closes at 6.6914 per dollar, up 64 pips

A 64-pip move is modest in absolute terms, but the direction and the $31.7 billion turnover matter more than the headline print: a firmer close on active volume suggests real flow rather than thin-book drift. For RWA and crypto desks, the yuan's daily fix remains the cleanest read on broader dollar appetite, since China's currency still anchors risk sentiment across Asian trading hours. Whether the firmer tone extends beyond a single session, or fades as it has repeatedly this year, is the open question worth tracking.