PBOC raised yuan’s fixing by 731 pips to 6.6756 per US dollar
STOCKS
PBOC raised yuan’s fixing by 731 pips to 6.6756 per US dollar
STOCKS

PBOC raised yuan’s fixing by 731 pips to 6.6756 per US dollar

 

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The People’s Bank of China (PBOC) raised the Chinese yuan’s daily fixing by 731 pips to 6.6756 per US dollar on Monday, compared to a fixing of 6.7487 in the previous trading day.

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