PBOC cut yuan’s fixing by 216 pips to 6.6766 per dollar on Thursday

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The People's Bank of China cut the yuan's fixing by 216 pips to 6.6766 per US dollar on Thursday, compared to a fixing of 6.6550 per dollar one day earlier.

The PBOC injects 10 billion yuan liquidity to the banking system via 7-day reverse repo on Thursday, while 10 billion yuan reverse repo expires, leaving a net zero injection.

 

 

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