A post by @FirstSquawk on X.

China’s central bank set the yuan’s daily reference rate at 6.7152 per dollar, a fixing that anchors the currency’s permitted onshore trading band. The rate is the PBOC’s strongest official signal of its preferred yuan level before onshore markets open, and it feeds directly into the band that limits how far the currency can move in either direction. The fixing matters because it shapes daily pricing for the yuan and for cross-border flows tied to Chinese assets. Traders will watch the gap between the official fix and market pricing, along with any subsequent PBOC guidance, for signs of whether the central bank is leaning against depreciation or allowing more two-way movement.