PBOC Sets Yuan Midpoint at 6.7152 per Dollar, 22 Pips Stronger

The fix itself is a marginal move, but the gap between the midpoint and the prior close is the signal worth noting: the official guidance sits materially weaker than where the market actually finished. That spread suggests the PBOC is leaning against appreciation pressure rather than chasing it, a stance that matters for exporters and for anyone tracking how tightly the daily fixing still anchors onshore pricing. Whether the fix keeps lagging the spot close, or converges toward it, is the open question.