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The PBOC conducted 301.57 billion yuan of seven-day reverse repos at 1.7 percent on Monday to keep banking system liquidity ample at month-end. The yuan's central parity rate weakened 46 pips to 7.1316 per US dollar.
Routine liquidity operations and small yuan moves have little direct effect on feed commodity prices, so the impact on buyers is minimal.
chinadaily.com.cnJul 30, 2024Not enough comparable past events yet for a historical read.
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.
