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(Bloomberg) -- China’s central bank has asked major state-owned banks to reduce US dollar purchases, Reuters reports
(Bloomberg) -- China’s central bank has asked major state-owned banks to reduce US dollar purchases, Reuters reports
PBOC hasn't intervened yet, but with Hong Kong as China's financial gateway, pressure mounting for emergency measures before European open.
PBOC hasn't intervened yet, but with Hong Kong as China's financial gateway, pressure mounting for emergency measures before European open.
*PBOC SUPPORTS FOREIGN INVESTORS TO ACCESS ONSHORE REPO BOND MKT
*PBOC SUPPORTS FOREIGN INVESTORS TO ACCESS ONSHORE REPO BOND MKT
Watch for emergency BOJ or PBOC statements overnight.
Monitor interbank lending rates for funding stress. Prepare for potential circuit breakers in Hong Kong if selling accelerates.
Watch for emergency BOJ or PBOC statements overnight.
Monitor interbank lending rates for funding stress. Prepare for potential circuit breakers in Hong Kong if selling accelerates.
https://br.investing.com/news/forex-news/iuane-chines-atinge-maxima-de-35-anos-com-fixacao-forte-do-pboc-2071293?utm_source=flipboard&utm_medium=activitypub
Posted into Economia & Negócios @economia-neg-cios-FlipboardBR
https://br.investing.com/news/forex-news/iuane-chines-atinge-maxima-de-35-anos-com-fixacao-forte-do-pboc-2071293?utm_source=flipboard&utm_medium=activitypub
Posted into Economia & Negócios @economia-neg-cios-FlipboardBR
It’s on the table I’d say - and if the ECB PBoC BOE BOJ and other major central banks don’t get creative and fill the void it could get ugly.
If you - and I’m looking at you 5D chess players in the City and on the Street - still believe this administration will not blow up the IMF and World Bank, let alone roll back the Feds swap and repo lines - think again.
It’s on the table I’d say - and if the ECB PBoC BOE BOJ and other major central banks don’t get creative and fill the void it could get ugly.
I am a little surprised by these comments from the governor of the PBoC. According to Yicai, yesterday he said that "the world’s major deficit countries are the same as 40 years ago because of the inherent flaws in the international monetary system."
www.yicaiglobal.com/news/major-d...
I am a little surprised by these comments from the governor of the PBoC. According to Yicai, yesterday he said that "the world’s major deficit countries are the same as 40 years ago because of the inherent flaws in the international monetary system."
www.yicaiglobal.com/news/major-d...
(Bloomberg) -- The PBOC sets the daily reference rate for the yuan at the weakest level since September 2023 amid expectations it would allow currency depreciation to counter tariff risks.
The PBOC sets the yuan’s fixing at 7.2110 per dollar on Monday, versus 7.2087 on Friday
(Bloomberg) -- The PBOC sets the daily reference rate for the yuan at the weakest level since September 2023 amid expectations it would allow currency depreciation to counter tariff risks.
The PBOC sets the yuan’s fixing at 7.2110 per dollar on Monday, versus 7.2087 on Friday
ETF buying has started.
These are 2015 Chinese stock market crash-style moves, last used during prior liquidity crunches.
ETF buying has started.
These are 2015 Chinese stock market crash-style moves, last used during prior liquidity crunches.
all well and good but changing the cost of debt won't do this.
all well and good but changing the cost of debt won't do this.