CHINA: Central Bank Injects Liquidity via OMO
Apr-18 01:24
- The PBOC issued CNY2450.5 bn of 7-day reverse repo at 1.5% during this morning’s operation.
- Today’s maturities CNY28.5bn
- Net liquidity injection CNY222bn.
- The PBOC monitors and maintains liquidity through the issuance of reverse repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted Average is at 1.56%, from 1.68% yesterday.
- The China Overnight interbank repo rate is at 1.66%, from 1.66% yesterday.
- The China 7-day interbank repo rate is at 1.73%, from 1.70% yesterday
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CNH: USD/CNY Fixing Back Sub 7.1700, But Holds Recent Ranges
Mar-19 01:24
The USD/CNY fixing printed at 7.1697, versus a Bloomberg consensus of 7.2223.
- The fixing moved back sub 7.1700, but remains within recent ranges (we had a 7.1692 fixing on March 6th). the fixing error was -526pips, slightly narrower than yesterday's outcome. We were beyond -1100pips on this metric in early March. It has taken the bulk of the USD down move since then.
- USD/CNH is little changed post the fixing, slightly weaker in CNH terms, last above 7.2300. Broader USD sentiment has ticked higher, led by modest losses since the open.
MNI: CHINA PBOC CONDUCTS CNY295.9 BLN VIA 7-DAY REVERSE REPO WEDS
Mar-19 01:23
- CHINA PBOC CONDUCTS CNY295.9 BLN VIA 7-DAY REVERSE REPO WEDS
CHINA SETS YUAN CENTRAL PARITY AT 7.1697 WEDS VS 7.1733
Mar-19 01:15
- CHINA SETS YUAN CENTRAL PARITY AT 7.1697 WEDS VS 7.1733
