The State Administration of Foreign Exchange (SAFE), China’s fx regulator, reported the key comments following the release of China’s fx reserves data for the month of December.
Key Headlines:
FX reserves expected to remain overall stable in 2019.
Non-dollar currencies’ appreciation and major countries’ bond price increase contributed to FX reserves gain in December.
Earlier today, the PBOC released the country’s fx reserves that stood at $3.073 trillion at the end of December 2018.
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