PBOC to lower FX risk reserve ratio to zero, effective from Monday

The People’s Bank of China (PBOC) will slash its reserve requirement ratio (RRR) to zero for some forex exchange forwards trading, effective from Mond

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PBOC sets USD/ CNY reference rate for today at 6.7825 (vs. yesterday at 6.8222)

 People’s Bank of China ramping up that onshore yuan … a not quite 4 big figure revaluation for the central rate.

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PBOC sets USD/ CNY reference rate for today at 6.8891 (vs. yesterday at 6.8903)

 People’s Bank of China  PBOC injects 50 billion yuan liquidity via 7-day reverse repo

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PBOC sets yuan reference rate at 6.9183

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9183 versus Monday’s fix at 6.9194.

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PBOC sets Yuan reference rate at 6.9803

The People’s Bank of China has set the yuan reference rate at 6.9803 versus Monday’s fix at 6.9980.

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PBOC sets USD/ CNY reference rate for today at 6.9969 (vs. yesterday at 6.9895)

People’s Bank of China    30bn yuan injected via 7 day RRs No maturities today

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PBOC sets yuan reference rate at 7.0029

The People’s Bank of China (PBOC) has set the yuan reference rate at 7.0029 versus Friday’s fix at 6.9938.

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PBOC sets USD/ CNY reference rate for today at 7.0029 (vs. yesterday at 6.9938)

People’s Bank of China  PBOC adds 100bn yuan via 7 day reverse repos in open market operations  – offsets the 100bn yuan in RRs that mature

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PBOC sets USD/ CNY reference rate for today at 6.9921 (vs. yesterday at 6.9718)

People’s Bank of China    People’s Bank of China inject 50bn yuan through open market operations today.   – 50bn mature today

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Events to Look Out for Next Week

The week ahead will be a quiet one due to the limited economic releases, with the most telling data the preliminary estimates of July manufacturing PMIs from across the globe….

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