China's central bank conducts reverse repos

China's central bank conducted 284 billion yuan (about 39.61 billion U.S. dollars) of 14-day reverse repos at an interest rate of 1.65 percent on Friday.

The move aims to keep liquidity in the banking system at an adequate level before the upcoming Spring Festival holiday, the People's Bank of China said in a statement.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

On Friday, the central bank also conducted a 200-billion-yuan medium-term lending facility (MLF) operation to maintain ample liquidity in the country's banking system.

The MLF operation features a one-year maturity period and an interest rate of two percent. After the operation, the outstanding MLF balance stood at 4.294 trillion yuan, according to the central bank.

China's central bank conducts reverse repos

The U.S. dollar strengthened in late trading on Monday.

The dollar index, which measures the greenback against six major peers, went up 0.2 percent to 99.178 at 15:00 (1900 GMT).

In late New York trading, the euro fell to 1.1578 dollars from 1.1606 dollars in the previous session, and the British pound was down to 1.3388 dollars from 1.34 dollars in the previous session.

The U.S. dollar bought 158.33 Japanese yen, higher than 157.74 Japanese yen in the previous session. The U.S. dollar increased to 0.7799 Swiss francs from 0.777 Swiss francs, and it declined to 1.3591 Canadian dollars from 1.3596 Canadian dollars.

The U.S. dollar added to 9.21 Swedish Kronor from 9.1855 Swedish Kronor.

U.S. dollar ticks up