China’s Sept forex reserves rise more than expected to $3.316 trln
11:10 pm Sunday, October 06th, 2024
SHANGHAI (Reuters) – China’s foreign exchange reserves rose more than expected in September, official data showed on Monday, as the dollar weakened against other major currencies.
The country’s foreign exchange reserves – the world’s largest – grew by $28.2 billion to $3.316 trillion last month, compared with a median estimate of $3.304 trillion in a Reuters poll of analysts, and $3.288 trillion in August.
The yuan strengthened about 1.1% against the dollar in September, while the dollar last month weakened around 1% against a basket of other major currencies. (This story has been corrected to fix the August forex reserves in paragraph 2, and the September growth in paragraph 3)
(Reporting by Qiaoyi Li, Ryan Woo and Casey Hall; Editing by Muralikumar Anantharaman)
