China's central bank plans to conduct up to 1 trillion yuan daily via overnight reverse repos from October 21 to November 2.
FinancialJuice10/20, 09:09 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
CNY
Would push down
WeeksMedium confidence
Large daily yuan liquidity injections through Nov. 2 can ease money-market rates and weigh on the yuan if fully drawn
What could change this
If the facility is only partially used or offset by other PBOC measures, the liquidity effect on the yuan may be limited.
USD/CNY before and after this story
6.6692-0.05%vs previous close
-0.13%
since this story
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The PBOC injected 258 billion yuan of liquidity via overnight reverse repos.
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