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16 Jan 2019

China injects record CNY 560 billion via reverse repo operations

China has stepped up efforts to shore up its sagging economy.

The People's Bank of China injected CNY 560 billion in the system on Wednesday via reverse repo operations - the biggest on record.

The move comes a day after the central bank assured markets of providing "enough support" to the economy. The finance ministry is reportedly planning "large tax cuts" as well, although flood-like stimulus is being ruled out, given the cost of massive stimulus tends to exceed the benefits.

Jan 16, 2019

GBP/JPY dragging back into 139.00 after Brexit vote recovery bounce

GBP/JPY is trading into the low end once more, dipping back towards the 139.00 major level Tuesday's rough ride saw the pair mark in a low near 137.30
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Jan 16, 2019

US Treasury promises exclusion process on higher China tariffs - Reuters

As reported by Reuters, the US Treasury Department is looking to create an exclusion process for business leaders hoping to dodge higher Chinese tarif
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