Home China’s forex reserves rise to highest since April 2018 – Bloomberg
FXStreet News

China’s forex reserves rise to highest since April 2018 – Bloomberg

China’s foreign exchange reserves rose $182.3 billion in June to $3.119 trillion – the highest since April 2018 – the data released by the People’s Bank of China showed on Monday.  

The foreign currency holdings rose for the secnnd month amid potential capital inflows and positive valuation effects, according to Bloomberg. Notably, Yuan sell-off stalled in June, courtesy of rising hopes of US-China trade truce.    

The value of China’s gold reserves rose to $87.27 billion in June from $79.83 billion see at the end of May.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.