Offshore yuan? No — onshore CNY closes at 6.7079 per dollar, up 36 pips

A 36-pip move is noise, not signal, and the session's $48.767 billion turnover is the only figure here with any informational weight. The distinction the headline draws — offshore versus onshore — is the real story for anyone tracking China exposure: the two markets can diverge, and which one leads is often a better read on sentiment than the level itself. Whether that turnover reflects genuine positioning or routine liquidity is the open question.