Economic Indicators

China’s Sept forex reserves rise more than expected to $3.316 trln

2024.10.06 22:53

SHANGHAI (Reuters) – China’s foreign exchange reserves rose more than expected in September, official data showed on Monday, as the dollar weakened against other major currencies.

© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

The country’s foreign exchange reserves – the world’s largest – grew by $60 billion to $3.316 trillion last month, compared with a median estimate of $3.304 trillion in a Reuters poll of analysts, and $3.256 trillion in August.

The yuan strengthened about 1.1% against the dollar in September, while the dollar last month weakened around 1% against a basket of other major currencies.



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