PBOC Sets Yuan Midpoint at 6.7150, 4 Pips Weaker Than Previous Fix

The headline number is trivial — a four-pip move in the fix is noise — but the gap between the fix and the prior close is the real signal. The midpoint sits well above where the market finished, a persistent pattern that suggests the PBOC is still leaning against appreciation pressure rather than signaling a new direction. For offshore and onshore traders alike, the question worth watching is whether that gap narrows as the market converges toward the official stance, or whether the fix keeps absorbing the pressure.