PBOC cut yuan’s fixing by 89 pips; injects net zero liquidity

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

The People’s Bank of China (PBOC) injects 2 billion yuan liquidity to the banking system via 7-day reverse repo on Friday, while 2 billion yuan reverse repo expires, leaving a net zero injection.

The PBOC cut the yuan’s fixing by 89 pips to 6.7413 per US dollar, compared to a fixing of 6.7324 one day earlier.