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.
14 min ago12 min read
PBOC fixes yuan central rate at 6.7804, above estimate
PBOC set the yuan central rate at 6.7804 per dollar, above estimates, and conducted a net 4 billion yuan drain via reverse repos.
08/09/2026 01:312 min read
The people's bank permits the yuan to move within a 2% band on either side of the reference rate.
- The PBOC injects 1 billion yuan via seven-day reverse repos in open market operations, with the rate unchanged at 1.4%.
- Five billion yuan in reverse repos mature today.
- The net effect is a drain of 4 billion yuan.
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