Chinese FX reserves fall $93.9bn in August

Author: Ryan Littlestone | Category: News

Latest forex reserve data from China

China's reserves fell over double what they did in July to $3.56tn vs $3.65tn prior,the largest drop on record

  •  SDR reserves 10.53bn vs 10.46bn prior
  • Gold reserves 61.8bn vs 59.24bn prior
  • IMF reserves 4.73bn vs 4.37bn prior

A fall had been expected on the back of China selling USD's to prop up the Yuan. Intervention was expected to be anywhere from $122-170bn in August but that's likely to be lower now we've had the reserve numbers. China ahs also been sellers of their treasury holdings to balance some of the move



By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose