PBOC to make biggest weekly cash injection via OMO since mid-Jan – Reuters

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) extends its market liquidity injections for the fourth straight day on Friday, making the biggest weekly cash injection since mid-January, as cited by Reuters.

The Chinese central bank is expected to inject 300 billion yuan ($41.99 billion) via seven-day reverse repurchase agreements.

This will account for a weekly net cash injection through open market operations to 670 billion yuan.

USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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