Tuesday, December 24, 2013

US Stocks Rally, FX Quiet, PBOC Intervenes

The Chinese 7-day repo rate eased from 9.90% to 4.18% (day low) amid PBOC announced 29bn yuan worth of reverse repurchase agreements today. A list of 48 primary dealers issued in March will be able to participate to the auction. The Hang Seng index gained 1.13%, Shanghai's Composite rebounded from



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