Will the Fed make the US dollar rise?
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
PBOC will inject 80 billion Yuan via reverse repos
On Tuesday, China's major financial institution is on the verge of injecting 80 billion Yuan into money markets, as some sources familiar with the situation revealed to reporters.
The People's Bank of China is pumping up to 50 billion Yuan via seven-day reverse bond repurchase agreements. About 20 billion Yuan will be injected through 14-day reverse repos, while an extra 10 billion Yuan will be pumped via 28-day reverse repos, as sources disclosed.
The previous week, China’s major bank drained a net 120 billion yuan from the money market.
During early trade on Tuesday, the volume weighted average of the seven-day repo rate reached 2.45%, sliding 46.96 basis points from last closing average rate.
The major bank increased the rate on open market operation reverse repos for seven-day. The same applies to 14-day and also 28-day tenors last week. The move brought them to respectively 2.45%, 2.60% and 2.75%.
Similar
Greece might end up missing euro zone cash
There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
ECB will estimate health of bank credit
Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
