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China's money rates fall on easing demand; PBOC skips OMOs for 5th week

China's primary money rates fell this week as demand for cash for regular tax payments eased after the month end, with traders awaiting November credit data for potential clues on further policy easing. The country's central bank made no net injections or drains into money markets for a record fifth consecutive week. While skipping daily reverse repurchase operations, the People's Bank of China effectively rolled over 187.5 billion yuan ($27.26 billion

China's money rates rise at month-end cash demand

China's primary money rates rose only marginally this week as month-end cash demand was somewhat offset by ample liquidity in the financial system. The People's Bank of China (PBOC) skipped reverse repos for the entire month, not making any fresh cash injections or withdrawals in the past 26 trading days, as liquidity level was "relatively high" as the government stepped up spending towards month-end, it said in a statement on Friday. "Liquidity was quite

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Reluctant U.S. Supreme Court on collision course with Trump

The U.S. Supreme Court's reluctance to take up new cases on volatile social issues is putting it on a collision course with President Donald Trump, whose Justice Department is trying to rush such disputes through the appeals system to get them before the nine justices as quickly as possible.