PBOC injects zero liquidity; yuan’s fixing strengthened by 177 pips

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

The central bank raised the yuan’s fixing by 177 pips to 6.7636 per US dollar, compared to a fixing of 6.7813 one day earlier.

One day earlier, the onshore yuan closed day-time trading at 6.7549 per dollar and closed night trading session at 6.7597 per dollar..