Offshore yuan weakens as PBOC fixing comes in soft
The offshore yuan falls to around 6.74 per dollar as the PBOC sets the midpoint at 6.7888, 418 pips weaker than a Reuters estimate, reversing prior session gains.
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China Shares Open Higher as PBOC Injects 1 Trillion Yuan Into Banking System
() -- Chinese shares opened higher on Monday amid plans of the country's central bank to inject 1 trillion yuan into the banking system. The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.4% higher to 4,059.19. The Shenzhen Component Index climbed 0.5% to 15,677.93. The People's Bank of China will
com Asia Market Update: Directionless trading seen into month and quarter-end; US/Iran to talk in Qatar, but will markets be impacted?; CN P
***General Trend and Developments*** -The Japanese Yen remains slightly offered amid quarter-end and Gotobi. Sato ’s comments are now keenly awaited, especially ahead of the next BOJ decision [Jul 31st]. However, Japan 2-year bond traders seem unfazed given the stronger demand at auction -The PBOC continued to use its
PBoC Plans Reverse Repo
The People's Bank of China plans to conduct an overnight reverse repo as part of its next policy shift
PBoC Plans Reverse Repo
PBoC plans overnight reverse repo in next stage of policy shift