An exciting opportunity to trade the EUR
The European Central bank will have a press conference at 15:30 MT time on December 13.
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
News to trade on December 12
Find out the best trading opportunities for today!
News to trade on December 11
Today the British PM Theresa May plans to discuss the current conditions of the Brexit deal with the European leaders. Is it happening again? What else will move the world of Forex today? Read the news!
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
