US: Trump Details On Reciprocal Tariff Exemptions Remain Light
Mar-26 01:41
US President Trump is being interviewed on Newsmax, with headlines filtering out on reciprocal tariffs.
- "“I don’t want to have too many exceptions,” for the tariffs scheduled to take effect on Apr. 2, President Donald Trump said in an interview on Newsmax. (per BBG). “I’ll probably be more lenient than reciprocal, because if I was reciprocal, that would be that would be very tough for people”
- This doesn't shed much light on exceptions/exemptions, which follows earlier comments this week from Trump around the issue. Markets were supported by Trump comments around exceptions on reciprocal tariffs.
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CHINA: Central Bank Injects Liquidity via OMO.
Feb-24 01:30
- The PBOC issued CNY292.5bn of 7-day reverse repo at 1.5% during this morning’s operations
- Maturities today CNY190.5bn
- Net liquidity injection CNY102bn.
- 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 Average is at 1.7154% down from Friday at 2.2156%.
- The China Overnight Interbank Repo Rate is at 1.83% (from Friday at 1.54%).
- The China 7-day Interbank Repo Rate is at 2.20% (from Friday at 1.75%)
MNI: CHINA PBOC CONDUCTS CNY292.5 BLN VIA 7-DAY REVERSE REPO MON
Feb-24 01:22
- CHINA PBOC CONDUCTS CNY292.5 BLN VIA 7-DAY REVERSE REPO MON
CNH: USD/CNY Fixing Edges Back Up, But Remains Within Recent Ranges
Feb-24 01:19
The USD/CNY fix printed at 7.1717, against a BBG market consensus of 7.2535.
- The fixing edges back up but remains within recent ranges. The fixing error was slightly wider at -815pips.
- USD/CNH has edged down today, last under 7.2500, as broader USD sentiment softens, led by the EUR (which is back above 1.0500).
