China's foreign exchange reserves rose in November for the first time since July

112544

The People’s Bank of China reported an increase in foreign exchange reserves by $9 billion to $3 trillion 62 billion in November, which is noted for the first time since the monthly decline in July. For experts who had expected a reduction of reserves of $16 billion, this message came as a surprise. The regulator noted that the increase in the indicator was due to currency fluctuations and changes in asset prices. The national currency of China this year has undergone pressure from the trade conflict between the United States and China and the slowdown in the country's GDP growth, which showed the lowest rates in the third quarter since 2009. The gold reserves of the PRC in value terms increased in November to 72 billion 122 million dollars.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: