◂ Event Timeline

Nov 2, 2026MACROChina

CHINA: PBOC Drains CNY515bn of Liquidity During OMO - 11-02-2026

The PBOC drained a net 515 billion yuan of liquidity through overnight and 7-day reverse repos. The article also includes a September US macro outlook excerpt about ISM and FOMC minutes.

WHY IT MATTERS

Routine open market operations do not move feed commodity prices in any direct way.

AFFECTSChinese Yuan (CNY per USD)

SOURCE
mnimarkets.comJamie GrantNov 2, 2026

Price reaction & history

Chinese Yuan (CNY per USD)no directional read

After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.

Jun 17, 2020Chinese Yuan Mixed As PBoC Injects More Liquidity Into Banking System-0.4%
Apr 16, 2020Chinese Yuan Weakens As PBoC Pumps More Liquidity Into Economy+0.2%
Jul 30, 2020Chinese Yuan Slips As PBoC Injects Liquidity Into Banking System-0.9%
Aug 31, 2020Chinese Yuan Tests 6.8 As PBoC Injects Liquidity, PMI Expands-0.3%
Feb 3, 2020China Cuts Rates, Injects Liquidity as Mainland Markets Sink - Bloomberg+1.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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