Pressure on risk currencies ebbs, U S inflation in focus financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
China Hints at Reserve Ratio Cut to Help Bolster Economy
Bloomberg News, Bloomberg News A cleaner sweeps the ground in front of the People s Bank of China (PBOC) headquarters building in Beijing, China, on Wednesday, May 19, 2021. Photographer: Yan Cong/Bloomberg , Bloomberg
(Bloomberg) Chinaâs State Council signaled the central bank could make more liquidity available to banks in order to boost lending to businesses, including by cutting the amount of money they have to keep in reserve. Bond yields fell.
Authorities âwill use monetary policy tools, including a cut to the reserve requirement ratio at an appropriate timing to enhance financial support to the real economy, particularly to smaller businesses,â the government said in a statement Wednesday after a meeting of the State Council, the equivalent of a government cabinet, chaired by Premier Li Keqiang. Thatâs aimed at helping firms deal with the imp
China s regulators struggle to sway companies on currency risk | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Yuan’s Blockbuster Week Draws PBOC Attention, Appreciation Bets - With China rebounding from the pandemic and foreign funds piling into its equity and bond markets, the yuan surged past crucial levels that have held for the past three years
attention to a potential flare-up in tensions between Beijing
and Washington, but losses were pared by signs of tightness in
onshore money markets.
set the midpoint rate at a near four-week high of
6.5233 per dollar, firmer than the previous fix of 6.5288. In the spot market, onshore yuan opened at 6.5282
per dollar and was changing hands at 6.5258 at midday, 46 pips
weaker than the previous late session close. Currency traders said the yuan continued trading sideways on
Monday, with many investors becoming cautious ahead of a U.S.
Senate panel’s consideration of a China bill to gauge future
developments in Sino-U.S. relations, a critical factor weighing