CFETS: Yuan FX Index Falls 0.15 Week-on-Week to 101.49

A 0.15 weekly move in a trade-weighted basket index is small enough to read as drift rather than a shift in trend, so the signal here is mostly about direction, not magnitude. What matters is that the basket measure, not any single bilateral rate, is what CFETS publishes, meaning the yuan's broader competitiveness is what is being tracked. Whether the index continues to soften, and how that tracks against moves in individual pairs, is the open question.