Free Trial

China July FX Reserves Rise $23.93 Billion to $3.081 Trillion

--6th Monthly Rise in Row 
     BEIJING (MNI) - China's foreign-exchange reserves rose in July for the
sixth month in a row, increasing by $23.93 billion to $3.0807 trillion, data
from the People's Bank of China released Monday show. 
     July's rise was much larger than the $3.22 billion gain in June, and nearly
equaled May's increase of $24.03 billion. 
     The foreign-exchange reserves level is now at its highest since October
2016.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.