Yuan Breaks Past 6.7 Against Dollar, Strongest Since January 2023

The yuan's push through a psychologically significant level matters less for the level itself than for the mix behind it: an analyst cited here credits both external dollar weakness and a firmer daily fixing, which points to official comfort with appreciation rather than passive drift. That distinction travels — a stronger yuan shifts the calculus for exporters' margins and for cross-border flows into Chinese assets, including the tokenized and RWA channels tied to offshore liquidity. Whether the fixing keeps leaning in the same direction, and whether export strength holds, is the open question.