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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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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.
Note: The content (China's foreign exchange reserves are down to 5-month low) was first published on a "live" site and the encyclopedia of this news day is not guaranteed in any way.
You can see the details of this title (China's foreign exchange reserves fall back to the lowest level in 5 months) through its original source (any live website).
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