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Offshore Yuan Closes at 6.6984 per Dollar, Up 76 Pips

The onshore yuan closed at 6.6984 per dollar at 03:00 Beijing time, up 76 pips from Thursday’s night session close. Trading volume for the session was $52.21 billion.

Original source

AI take

The move is modest in magnitude but notable for the liquidity behind it: a 76-pip gain on $52.21 billion in turnover suggests the bid for yuan was broad rather than a thin, headline-driven spike. What matters here is the distinction between the onshore and offshore quotes, since persistent divergence between the two is often where pressure signals emerge. Whether this firmer close carries into subsequent sessions, or fades once the volume normalizes, is the open question worth tracking.

Generated by AI for reference only.

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