TREE NEWS reports: The onshore yuan closed at 6.6680 per dollar at 03:00 Beijing time, gaining 75 pips from Wednesday’s late-session close. Trading volume for the session totaled $65.003 billion. The move marks a firmer finish for the currency against the dollar.
Onshore yuan closes at 6.6680 per dollar, up 75 pips
AI take
A 75-pip firming is modest in isolation, but the combination of a stronger close and heavy turnover suggests real two-way flows rather than thin positioning. The read-across matters most for offshore-onshore spread watchers and for exporters pricing hedges around the daily fix. Whether the firmer tone holds through the next session, and whether volume stays near this level, is the open question.
Generated by AI for reference only.
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