Search ForexCrunch

China’s foreign exchange (forex) reserves fell by $14.8 billion to $3.092 trillion in September, according to data from the State Administration of Foreign Exchange (SAFE).  

Economists polled by Reuters had expected reserves would fall by $6 billion.  

September’s drop was due to fluctuations in foreign exchange rates and asset prices, the foreign exchange regulator said in a statement after the data release.

On a year-to-basis, however, the reserves are still up $19.7 billion, or 0.6%.