China fx reserves rise $11 billion to $3.128 trillion in December

China fx reserves rise $11 billion to $3.128 trillion in December thumbnail

China fx reserves rise $11 billion to $3.128 trillion in December
© Reuters. U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

BEIJING (Reuters) – China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

The country’s foreign exchange reserves – the world’s largest – rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 trillion in November.

The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies.

China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.

The value of China’s gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.

Read More

Learn More: business analyst salary, business synonym, business administration jobs, business near me, business hours, business development manager salary, my business course, business in spanish, business headshots, business first, business unit, business brokers near me, dbusiness, 2 business days, is business administration a good major, business horizons, 7 business days, business knowledge, business use case.

READ:  Funding roundup July 17 – July 22: Futurerent, ChemCloud, CUREator and more

Leave a Reply

Your email address will not be published. Required fields are marked *