Low impact
The PBOC injected 173 billion yuan into the banking system via overnight reverse repos.
FirstSquawk10/22, 08:25 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
CNY
Would push down
IntradayMedium confidence
Overnight reverse repo injection adds yuan liquidity, which can ease funding and mildly pressure the yuan
What could change this
If the PBOC manages the yuan fix to keep it strong, the liquidity injection may not translate into currency weakness.
USD/CNY before and after this story
6.6692-0.05%vs previous close
-0.08%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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FirstSquawk10/23, 07:59 PM
FirstSquawk10/23, 08:24 AM
The PBOC injected 258 billion yuan of liquidity via overnight reverse repos.
FinancialJuice10/23, 07:18 AM
The PBOC is estimated to set its yuan daily midpoint fixing at 6.6758 per dollar.