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MNI BRIEF: China FX Reserves Fell In Oct, Gold Purchase Paused

MNI (LONDON) - China foreign exchange reserves fell by 1.67% month-on-month in October, and the central bank continued to pause its purchases of gold, according to the State Administration of Foreign Exchange on Thursday.

As of the end of October, China's foreign exchange reserves amounted to USD3.261 trillion, a decrease of USD55.3 billion compared to the end of September, SAFE’s data showed.(see:MNI: Fed Cut To Help PBOC Ease, Yuan Strengthen)

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MNI (LONDON) - China foreign exchange reserves fell by 1.67% month-on-month in October, and the central bank continued to pause its purchases of gold, according to the State Administration of Foreign Exchange on Thursday.

As of the end of October, China's foreign exchange reserves amounted to USD3.261 trillion, a decrease of USD55.3 billion compared to the end of September, SAFE’s data showed.(see:MNI: Fed Cut To Help PBOC Ease, Yuan Strengthen)

Keep reading...Show less