BOJ rate hike likely, yen rally at risk
BOJ expected to hike rates next week, but yen rally may be limited if Ueda signals caution.
15 min ago12 min read
PBOC fixes USD/CNY at 6.7807, above estimate of 6.7167
PBOC set yuan reference rate at 6.7807, above estimates, and conducted no reverse repo operations while 103 billion yuan matured.
03/09/2026 01:312 min read
The yuan is permitted to trade within a band of 2% around the PBOC's daily fixing.
- The PBOC conducted no seven-day reverse repo operations on Tuesday, citing insufficient demand from primary dealers.
- A total of 103 billion yuan in seven-day reverse repos matured on the same day.
- This resulted in a net withdrawal of 103 billion yuan from the banking system.
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