Offshore yuan slips 16 pips to 6.6749 per dollar in New York close

A 16-pip move is noise rather than signal, and the narrow intraday band suggests no single catalyst drove the offshore yuan at the New York close. The detail that matters for offshore-yuan watchers is the gap between the CNH fix referenced here and the onshore rate, which the item does not provide. Whether this modest softening extends into the next session, or fades as it has in similar small moves, is the open question.