Skip to content

Economic Undertext · Current evidence

The official yuan fix gap is -0.9013% against the independent reference

The daily comparison sets the PBOC parity against same-day external reference rates and publishes cross-check disagreement.

-0.9013%fix gap

What the record says

Finding. The current official-fix minus independent-reference gap is -0.9013%.

This report is scoped to cny-fix-gap. It does not merge unlike instruments or infer a cause from co-movement.

How it was measured

two prices for one currency: the state's 09:15 Beijing fix vs an independent same-day market reference (ECB concertation, 14:15 CET = 20:15 Beijing). gap_pct > 0 means the market prices the yuan weaker than the fix; the band is ±2%, so gap_pct is read against that scale. Computed only on days a fix exists — ECB prints CNY on Chinese holidays and a gap against an unset fix would be fiction. Onshore only: no licence-clean keyless CNH source exists (the TMA fixing is licensed), stated rather than worked around. cross_check_diff is the ECB-vs-BoC derivation disagreement, published so a silent break in either source is visible; it is null on rounds where the Bank of Canada leg did not answer. Economic backdrop, not censorship — deliberately off the alarm board

What this cannot establish

  • The comparison is onshore and same-day but not simultaneous; it is economic context, not direct evidence of censorship.

Instrument brief

live-reading · Current evidence

Palimpsest's view: cny-fix-gap is live. The current number is -0.9% over declared denominator not reported. This is the instrument reading, not a national censorship rate.

Key number

  • -0.9% fix gap · declared denominator not reported

Current number and denominator

  • The current fix gap is -0.9% over declared denominator not reported.
  • The current official-fix minus independent-reference gap is -0.9013%.

Same-edition board context

  • Same-edition elevated layers: none declared. Other live lead or high signal ids: event-flags, ddti, undertext, ooni-gfw, in-path-interference, censored-planet, inside-view, ioda-outages, vantage-fusion, erasure-observatory, wayback, app-storefront, apple-censorship, stock-connect, data-darkness, generative-firewall.
  • No editorial_priority or MAD score is treated as a finding on this reading.

What this reading does not show

  • The comparison is onshore and same-day but not simultaneous; it is economic context, not direct evidence of censorship.
  • The brief does not assign motive, identify a person, merge unlike denominators, or treat a missing reading as a zero.
  • two prices for one currency: the state's 09:15 Beijing fix vs an independent same-day market reference (ECB concertation, 14:15 CET = 20:15 Beijing). gap_pct > 0 means the market prices the yuan weaker than the fix; the band is ±2%, so gap_pct is read against that scale. Computed only on days a fix exists - ECB prints CNY on Chinese holidays and a gap against an unset fix would be fiction. Onshore only: no licence-clean keyless CNH source exists (the TMA fixing is licensed), stated rather than worked around. cross_check_diff is the ECB-vs-BoC derivation disagreement, published so a silent break in either source is visible; it is null on rounds where the Bank of Canada leg did not answer. Economic backdrop, not censorship - deliberately off the alarm board

Elevated peers this edition

event-flags (command), ddti (attention), undertext (attention), ooni-gfw (network), in-path-interference (network), censored-planet (network), inside-view (network), ioda-outages (network), vantage-fusion (network), erasure-observatory (erasure), wayback (erasure), app-storefront (erasure), apple-censorship (erasure), stock-connect (economy), data-darkness (economy), generative-firewall (models)

Counterreadings

  • A current or withheld instrument value is not independent corroboration of any publisher article, and it is not a cause.
  • Co-movement with another live signal on this edition is layer context, not a shared rate or a coordinated action.

Limitations

  • The comparison is onshore and same-day but not simultaneous; it is economic context, not direct evidence of censorship.
  • The companion copies newsroom templates only; it adds no interview, article body, or generative prose.

Analysis instrumentv-054c0348f16f6ac5e0566e20 · structured assessment · reading companion

Read the evidence

The exact source reading is cny-fix-gap-latest.json. The structured version of this dispatch is published beside the article.