EconomyAsia
China FX Reserves Slip to $3.4003 Trillion in September
China's foreign exchange reserves fell 1.11% to $3.4003 trillion in September as a stronger dollar and weaker global asset prices weighed on valuations.
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China's foreign exchange reserves fell 1.11% to $3.4003 trillion in September as a stronger dollar and weaker global asset prices weighed on valuations.
China's onshore and offshore renminbi both strengthened past 6.70 per dollar, the strongest since 2023, driven by dollar weakness and Fed rate-cut bets.