China’s foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other major currencies.
China’s reserves – the world’s largest – fell $45 billion to $3.115 trillion last month, compared with $3.13 trillion tipped by analysts in a Reuters poll, from $3.16 trillion in August.
The yuan fell 0.5 per cent against the dollar in September, while the dollar rose 0.2 per cent against a basket of other major currencies over the month.
China held 70.46 million fine troy ounces of gold at the end of September, up from 69.62 million ounces at the end of August.
The value of China’s gold reserves fell to $131.79 billion at the end of September from $135.22 billion at the end of August. – Reuters
