PBOC injects net 3 bn yuan liquidity via OMO, raise yuan’s fixing to 7.1527 per dollar
STOCKS
PBOC injects net 3 bn yuan liquidity via OMO, raise yuan’s fixing to 7.1527 per dollar
STOCKS

PBOC injects net 3 bn yuan liquidity via OMO, raise yuan’s fixing to 7.1527 per dollar

 

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The People’s Bank of China injects 5 billion yuan of liquidity to the banking system via 7-day reverse repurchase agreement on Thursday, while 2 billion yuan reverse repo expires, leaving a net 3 billion yuan of injection. 

The PBOC raised the yuan’s fixing by 228 pips to 7.1527 per US dollar on Thursday, the strongest level since June 19, compared to a fixing of 7.1765 one day earlier.