PBOC cut yuan’s fixing by 148 pips, injects zero liquidity
FOREX
PBOC cut yuan’s fixing by 148 pips, injects zero liquidity
FOREX

PBOC cut yuan’s fixing by 148 pips, injects zero liquidity

 

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The People’s Bank of China (PBOC) cut the yuan’s fixing by 148 pips to 6.8536 per US dollar on Thursday, compared to a fixing of 6.8388 one day earlier.

The PBOC injects 2 billion yuan liquidity to the banking system via 7-day reverse repo, while 2 billion yuan reverse repo expires, leaving a net zero injection.