CHINA ECONOMIC MOVES AND POLITICAL UPDATES
CHINA ECONOMIC MOVES AND POLITICAL UPDATES
China central bank sets exchange rate stronger than 7.2/USD, maintaining support for the yuan.
China’s central bank injects 14.1 billion yuan via 7-day reverse repos at 1.50%.
China’s December Caixin Services PMI hits 7-month high at 52.2, exceeding the forecast of 51.4.
China’s Caixin Composite PMI drops to 51.4 in December from 52.3 in November.
China’s 1-day repo rate drops by 17 basis points to 1.4473%.
Onshore yuan weakens to 7.3237 per USD, the lowest since September 2023.
Canadian PM Trudeau expected to resign this week, according to reports.
