PBoC to inject liquidity, AUD positive

FXstreet.com (Bali) - Market sources suggest that the PBOC will inject funds into the money market today, ahead of the Chinese new year on Jan 31.

According to sources, the PBOC is set to inject 120 billion yuan via 21-day reverse repos, which adds to the short term liquidity operations (SLOs) conducted earlier on the week. In total injects 375bn yuan for the week.

With regards to the Yuan mid-point rate, it was set at 6.1107 vs 6.0513 last close. Overall, the PBoC liquidity provision headlines is AUD positive.