# Chinese Yuan Slips As PBoC Injects Liquidity Into Banking System

> The yuan slipped on July 30 as the PBoC injected 7.15 billion dollars of liquidity through seven-day reverse repos at 2.2%. The central bank also extended policy support into the second half of 2020.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/52326-chinese-yuan-slips-as-pboc-injects-liquidity-into-banking-system
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Liquidity injections signal ample financing conditions in China, supporting feed demand from its livestock sector, though the direct effect on grain prices is limited.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-04-16 | [Chinese Yuan Weakens As PBoC Pumps More Liquidity Into Economy](https://feedsoft.ai/events/53877-chinese-yuan-weakens-as-pboc-pumps-more-liquidity-into-economy.md) | +0.2% | +0.3% |
| USDCNY | 2023-02-27 | [Chinese yuan approaches 7 level as PBOC slashes midpoint rate By Investing.com](https://feedsoft.ai/events/37549-chinese-yuan-approaches-7-level-as-pboc-slashes-midpoint-rate-by-investing-com.md) | -0.7% | -1.3% |
| USDCNY | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | +1.8% | -0.2% |
| USDCNY | 2024-05-08 | [Is China Going To Devalue The Chinese Yuan (CNY)? \| Disruption Banking](https://feedsoft.ai/events/5873-is-china-going-to-devalue-the-chinese-yuan-cny-disruption-banking.md) | +0.2% | +0.4% |
| USDCNY | 2020-02-20 | [Breaking: The People's Bank of China cut interest rates: AUD and Yuan sliding — Octa](https://feedsoft.ai/events/54798-breaking-the-people-s-bank-of-china-cut-interest-rates-aud-and-yuan-sliding-octa.md) | +0.3% | +0.7% |

## Sources

- fxdailyreport.com: https://fxdailyreport.com/chinese-yuan-slips-as-pboc-injects-liquidity-into-banking-system/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.