AUSTRALIA DATA: Strong Domestic Demand Growth To Keep RBA Cautious
Dec-03 01:42
Q3 GDP was lower than expected at 0.4% q/q & 2.1% y/y after an upwardly revised 0.7% q/q & 2.0% y/y....
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CNH: USD/CNY at 7.0867 vs Estimate of 7.1192
Nov-03 01:33
The USD/CNY fix printed at 7.0867, versus prior outcome of 7.088. The fixing error widened to -325pips, from -201pips Friday. The fix has maintained a very stable bias over recent days, particularly given the Xi Trump meeting. USDCNH is at 7.1234, modestly weaker by -0.01%
CHINA: Central Bank Withdraws CNY259bn via OMO
Nov-03 01:25
The stabilization of money markets and the grind lower in the 10-Yr was enough to bring about a withdrawal of liquidity via this morning's OMO despite a strong pipeline of maturities ahead.
- The PBOC issued CNY78.3bn of 7-day reverse repo at 1.4% during this morning's operations.
- Today's maturities CNY337.3bn.
- Net liquidity withdraws CNY259bn.
- 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 1.40%, from prior close of 1.45%.
- The China overnight interbank repo rate is at 1.31%, from the prior close of 1.35%.
The China 7-day interbank repo rate is at 1.42%, from the prior close of 1.46%.
MNI: CHINA PBOC CONDUCTS CNY78.3 BLN VIA 7-DAY REVERSE REPO MON
Nov-03 01:24
- CHINA PBOC CONDUCTS CNY78.3 BLN VIA 7-DAY REVERSE REPO MON
