- Analytics
- News and Tools
- Market News
- China's foreign exchange reserves decline in September - PBoC
China's foreign exchange reserves decline in September - PBoC
China's foreign exchange reserves declined in September, figures from the People's Bank of China showed.
Forex reserves totaled $3.092 trillion at the end of September compared to $3.107 trillion in August. The expected level was $3.105 trillion.
The currency exchange rate and changes in asset prices affected the level of foreign exchange reserves. Martin Lynge Rasmussen, an economist at Capital Economics, said the central bank relied on state banks during August to contain forex volatility, but the latest forex reserves figures suggests that last month this may have been either replaced with, or supplemented by, direct forex sales by the PBoC.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
