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Onshore yuan closes at 6.6763 per dollar, down 83 pips

The onshore yuan closed at 6.6763 per dollar at 03:00 Beijing time, down 83 pips from the previous Thursday night session close. Trading volume for the session totaled $47.668 billion.

Original source

AI take

The move is modest in pip terms but the volume figure gives it more weight than the headline suggests, marking a session where dollar demand met steady two-way flow rather than a one-sided squeeze. For offshore and onshore participants alike, the close matters mainly as a reference point for the next fixing and for how the gap between the two markets behaves. Whether the softer close reflects positioning ahead of a data point or a broader shift is the open question; the volume tally is the detail worth tracking against prior sessions.

Generated by AI for reference only.

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