The People's Bank of China (PBOC) has set the USD/CNY central parity rate at 7.0847 on November 24, 2025, which is 315 pips stronger than the market forecast of 7.1162. This adjustment also marks a 203 pips increase from the previous onshore close of 7.1050, indicating a firmer stance for the yuan in the near term. This move by the PBOC suggests a strategic effort to stabilize the currency and mitigate depreciation pressures. The theoretical trading range is set between 6.943 and 7.226. Market participants are closely observing intra-day trading patterns, CNH forwards, and liquidity signals for further insights into potential policy directions.