Home / forex / PressTV-China forex reserves fall by $320bn

PressTV-China forex reserves fall by $320bn

collected by :kiven Dixter

follow the latest news in forex from different sites most famous technicals / by 2017-01-07 at 14:43

as declared in

China’s December forex reserves fall for sixth month

China's December forex reserves fall for sixth month*/

– China’s foreign exchange reserves fell to near six-year lows in December, but held just above the critical $3 trillion level, as authorities stepped in to support the weakening yuan ahead of US President-elect Donald Trump’s inauguration.China’s reserves shrank by $41 billion in December, slightly less than feared but the sixth straight month of declines, data showed on Saturday, after a week in which Beijing moved aggressively to punish those betting against the currency and make it harder for money to get out of the country.Analysts had forecast a drop of $51 billion.
.

read more from here

China forex reserves fall by $320 billion in 2016

China forex reserves fall by $320 billion in 2016*/

– A sign for foreign currency exchange is seen at a branch of the ICBC bank in Beijing, China, January 3, 2017.(Source: REUTERS/Thomas Peter) A sign for foreign currency exchange is seen at a branch of the ICBC bank in Beijing, China, January 3, 2017.(Source: REUTERS/Thomas Peter)China’s foreign exchange reserves fell by USD 320 billion last year, Beijing announced Saturday, as authorities sought to support the yuan against a soaring dollar which is encouraging capital outflows.
.

read more from here

PressTV-China forex reserves fall by $320bn

PressTV-China forex reserves fall by $320bn*/

– China’s foreign exchange reserves dropped by $320 billion in 2016 with Chinese authorities seeking to support the yuan against a soaring dollar.According to the State Administration of Foreign Exchange (SAFE), China’s foreign exchange reserves fell to $3.011 trillion at the end of December, the lowest level in nearly 6 years.World’s largest forex reserves plummeted by $41 billion dollars in December from the previous month, SAFE announced on Saturday.
.

read more from here

read more
visit us

forex

About finance market

Avatar for finance market

Check Also

The dollar rose after the triple threat and fears of euro inflation

collected by :kiven Dixter Forex Market Review (Asian Session) – Aussie jumps on GDP; gold …