Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: PBOC March Forex Purchase Position Rises For 3rd Month

MNI (London)
     BEIJING (MNI) - The People's Bank of China's foreign-exchange (forex)
purchase position rose in March for a third straight month, reflecting a
relatively balanced flow of supply and demand, data released by the central bank
     The PBOC's forex purchase position on Mar. 31 rose by CNY7.838 billion from
a month ago to CNY21.495 trillion, according to a statement posted on its
website Wednesday, compared with February's CNY4.051 billion increase, the data
     The value of PBOC's forex reserves rose by $8.34 billion in March from the
previous month due to changes in the basis of valuation, PBOC said separately on
April 9.
     As March saw the yuan trading in a range acceptable to PBOC, the central
bank is believed to have refrained from intervening in the forex market,
therefore its forex purchase position is little changed. MNI expects the PBOC's
forex purchase position to continue fluctuate in a relatively small range in
coming months.
--MNI Beijing Bureau; +86 10 85325998; email:
--MNI London Bureau; tel: +44 203-586-2225; email:
[TOPICS: MAQDS$,M$A$$$,M$Q$$$]
MNI London Bureau | +44 203-865-3812 |

To read the full story

Why Subscribe to


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.