CHINA: Central Bank Injects CNY90b via OMO
May-22 01:24
- The PBOC issued CNY154.5bn of 7-day reverse repo at 1.4% during this morning’s operations.
- Today’s maturities CNY64.5bn
- Net liquidity injected CNY90 bn.
- The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.44%, from yesterday’s close of 1.57%.
- The China overnight interbank repo rate is at 1.47%, from the prior close of 1.40%.
- The China 7-day interbank repo rate is at 1.57%, from the prior close of 1.60%.
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MNI: CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES
Apr-22 01:22
- CHINA PBOC CONDUCTS CNY220.5 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Edges Higher, Error Term Steady
Apr-22 01:21
The USD/CNY fix was 7.2074, against a BBG market consensus of 7.2892.
- Today's fixing was slightly higher than Monday's outcome (7.2055), despite the market consensus for today being slightly below Monday's estimate (7.2926).
- The fixing error was little changed at -818pips.
- USD/CNH is back to around 7.3050 in latest dealings around 0.15% weaker in CNH terms for the session so far. The pair continues to see support around the 50-day EMA or levels just under this support point. Broader USD sentiment is somewhat firmer in early Tuesday dealings.
CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055
Apr-22 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.2074 TUES VS 7.2055
