PBOC drained net 217 bn yuan liquidity, raised yuan’s fixing by to 7.2046 per dollar
FOREX MARKET POLICY & REGULATION
PBOC drained net 217 bn yuan liquidity, raised yuan’s fixing by to 7.2046 per dollar
FOREX MARKET POLICY & REGULATION

PBOC drained net 217 bn yuan liquidity, raised yuan’s fixing by to 7.2046 per dollar

 

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The People’s Bank of China (PBOC) injects 2 billion yuan of liquidity to the banking system via 7-dat reverse repurchase operation on Tuesday, while 219 billion yuan reverse repo expires, leaving a net 217 billion yuan drained from the market. 

The PBOC raised the yuan’s fixing by 111 pips to 7.2046 per US dollar on Tuesday, compared to a fixing of 7.2157 one day earlier.Â