PBOC Sets Yuan Midpoint at 6.7191 per Dollar, 24 Pips Weaker

The fixing landed weaker but stayed well above the prior onshore close and overnight level, a gap that suggests the official guidance is leaning against the market's softer tone rather than following it. That divergence is the part worth watching: it signals how much room the authorities are leaving for the spot rate to drift. Whether the fixing keeps tracking the overnight session or holds firmer than the close will shape expectations for onshore trading in the sessions ahead.