FX & CFD trading involves significant risk
The People's Bank of China (PBoC) injected 120 billion yuan ($18.77 billion) into market by offering seven-day reverse repurchase agreements on Tuesday. This cash injection was the biggest of its kind since January 28, 2014.
The reason for this injection could be the decision to boost liquidity. Liquidity has tightened due to the yuan depreciation.
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