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China's foreign exchange reserves fall to a five-month low

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rocky
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China's foreign exchange reserves fall to a five-month low

Post by rocky on Mon 07 May 2018, 6:37 am

China's foreign exchange reserves fall to a five-month low






2018/05/07 13:40


(Encyclopedia of this Day News | Iraq News ) - Direct: foreign exchange reserves in China fell last month to the lowest level in 5 months to coincide with the stronger US dollar.

Data from the People's Bank of China (PBC) showed Monday that total reserves fell by $ 17.97 billion in April to $ 3.125 trillion.

Analysts had forecast China's total foreign exchange reserves would fall by $ 13 billion.

At the end of April, the greenback gained broadly and rose to its highest level since January 2018, as the 10-year US Treasury yield rose to a level above 3%.

Against the Chinese currency, the US dollar rose in April by about 1.1%.

By 10:20 am GMT, the yuan was steady against the dollar at 6.3649 yuan.


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    Current date/time is Thu 20 Sep 2018, 9:38 am