PBoC injects CNY 384bln in overnight reverse repos with the rate at 1.25%
Newsquawk Staff ·
PBoC injects CNY 384bln in overnight reverse repos with the rate at 1.25%.
- PBoC sets USD/CNY midpoint at 6.7174 vs exp. 6.6797 (prev. 6.7191)
- PRE-MARKET CHINESE STOCKS NEWS: HSBC (5 HK) is exploring expanding its presence in Singapore to reduce its reliance on China, while it plans to combine its separate Singapore units as part of a broader simplification effort
- PBoC is expected to set USD/CNY midpoint at 6.6797 (prev. 6.7191)
- Newsquawk US Market Wrap - Stocks gain as CoreWeave earnings ease AI fears
- US FX WRAP: Dollar extends on recent gains as G10 FX loses out
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