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Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

The People's Bank of China (PBOC) injected CNY100 billion via 7-day reverse repos with the rate unchanged on Tuesday. This resulted in a net injection of CNY50 billion due to the maturity of CNY50 billion of reverse repos today, according to Wind Information.

  • The operation aims to offset the impact of tax season and keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.1764% at 09:38 local time from the close of 2.2092% on Monday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 34 on Monday vs 38 on Friday. A lower index indicates decreased market expectations for tighter liquidity.
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