PBoC injects CNY 6bln via 7-day reverse repos with the rate at 1.40%
The People's Bank of China (PBoC) injecting CNY 6 billion via 7-day reverse repos at a rate of 1.40% signals a targeted liquidity support measure.
Fox News cited sources that stated US President Trump's decision not to resume strikes on Iran for now is a last chance for peace that Trump is giving to the Iranian people, but added the ceasefire will be short-term unless an agreement is reached shortly
Tesla (TSLA) launches six-seater Model Y in India priced at INR 6.2mln
PBoC injects CNY 6bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: CATL (300750 CH) unveiled the third generation of its Shenxing battery cell, which can charge to 98% in six minutes and offers a 1000 km driving range
PBoC sets USD/CNY mid-point at 6.8635 vs exp. 6.8233 (Prev. 6.8594)
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This action is generally seen as dovish, aimed at ensuring liquidity in the financial system, which may impact USD/CNY rates and have broader implications for risk sentiment across currencies and fixed income markets. Traders should monitor follow-up actions or statements for signs of a shift in monetary policy direction.
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