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

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.