Offshore yuan strengthens to 6.6694 per dollar in New York trading

The offshore yuan's move is a dollar story more than a yuan story: the payrolls-driven softening did the work, and the modest pip gain reflects that. For offshore CNH watchers, the signal is that external U.S. data remains the dominant near-term driver, leaving domestic policy and capital-flow factors in the background. The open question is whether this dollar sensitivity persists into the next data releases, or whether CNH begins reacting more to onshore cues.