#CommunityAMA Yuan Pressured as PBoC Fixing Signals Caution The Chinese yuan edged weaker near 7.17/USD after the People’s Bank of China set the daily midpoint lower than market consensus, suggesting concern over capital outflows. Though economic data in China has shown modest improvement, traders remain wary of trade war escalation. The PBoC’s muted intervention implies tolerance for gradual depreciation, especially as the dollar remains soft. Investors expect further FX management tools if yuan volatility increases ahead of Q3 macro releases.