PBOC cut yuan’s fixing against dollar by 128 pip on Friday,  injected net 840 bn yuan liquidity to market this week
PBOC cut yuan’s fixing against dollar by 128 pip on Friday,  injected net 840 bn yuan liquidity to market this week

PBOC cut yuan’s fixing against dollar by 128 pip on Friday,  injected net 840 bn yuan liquidity to market this week

The People’s Bank of China injects 90 billion yuan liquidity to the banking system via 7-day reverse repo on Friday, while 2 billion yuan reverse repo expires, leaving a net 88 billion yuan injection.

For the week, the central bank injected 850 yuan via 7-day reverse repo, while 10 billion yuan reverse repo expires, leaving a net 840 billion yuan injection.

The PBOC cut the yuan’s fixing by 128 pips to 7.1689 per US dollar on Friday, compared to a fixing of 7.1570 one day earlier. 

The onshore yuan closed the domestic trading session on Thursday at 7.2081 per dollar and ended the night session at 7.2240 per dollar.