FOREX TradingCharts.com

Financial News: China's Forex Reserves Decline In July

China's Forex Reserves Decline In July

08/07/2019 - 08:27:00 (RTTNews)

(RTTNews) - China's foreign exchange reserves declined in July as the dollar strengthened against major currencies, data from the People's Bank of China showed Wednesday.

Reserves decreased to $3.104 trillion at the end of July from $3.119 trillion in June. The expected level was $3.11 trillion.

It seems more likely that the PBoC largely refrained from forex intervention last month, as it has done for most of the past two years, Julian Evans-Pritchard and Martin Lynge Rasmussen, economists at Capital Economics, said.

The resumption of PBOC FX sales is a distinct possibility in the coming months since, with no clear anchor for the exchange rate, markets are likely to continue to test the PBOC's tolerance for currency weakness, the economist added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Fed Intends To Remain Flexible Regarding Future Interest Rate Cuts (02 hr(s), 13 min(s), 19 sec(s) ago)
(RTTNews) - Citing a lack of clarity about when the risks to the U.S. economy will be resolved, th ...Full Story»

Zambia Holds Rate Steady On High Inflation, Weaker Growth Outlook (06 hr(s), 29 min(s), 19 sec(s) ago)
(RTTNews) - Zambia's central bank left its key interest rate unchanged on Wednesday, after rai ...Full Story»

Spain Exports Rise In June (06 hr(s), 43 min(s), 19 sec(s) ago)
(RTTNews) - Spanish merchandise exports rose 0.9 percent year-on-year in June, mainly due to incre ...Full Story»

U.S. Existing Home Sales Rebound More Than Expected In July (06 hr(s), 43 min(s), 19 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. showed a notable rebound in the month of July, accordi ...Full Story»

Continued Monitoring Of Financial Stability Risks Needed: Thailand CB Minutes (07 hr(s), 26 min(s), 19 sec(s) ago)
(RTTNews) - Risks to financial stability such as high household debt, warrants continued monitorin ...Full Story»

Belgium Consumer Confidence Lowest Since November 2016 (07 hr(s), 49 min(s), 19 sec(s) ago)
(RTTNews) - Belgium's consumer confidence dropped sharply in August after a modest improvement ...Full Story»

UK Budget Balance Posts Small Surplus In July (09 hr(s), 18 min(s), 19 sec(s) ago)
(RTTNews) - The UK budget balance showed a small surplus in July, figures from the Office for Nati ...Full Story»

Latvia Producer Price Inflation Slows Further (10 hr(s), 21 min(s), 19 sec(s) ago)
(RTTNews) - Latvia producer price inflation slowed for the seventh straight month in July, figures ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Fed Intends To Remain Flexible Regarding Future Interest Rate Cuts

08/21/2019 - 14:47 PM (RTTNews)
(RTTNews) - Citing a lack of clarity about when the risks to the U.S. economy will be resolved, th ...Full Story>>

Zambia Holds Rate Steady On High Inflation, Weaker Growth Outlook

08/21/2019 - 10:31 AM (RTTNews)
(RTTNews) - Zambia's central bank left its key interest rate unchanged on Wednesday, after rai ...Full Story>>

U.S. Existing Home Sales Rebound More Than Expected In July

08/21/2019 - 10:17 AM (RTTNews)
(RTTNews) - Existing home sales in the U.S. showed a notable rebound in the month of July, accordi ...Full Story>>

Spain Exports Rise In June

08/21/2019 - 10:17 AM (RTTNews)
(RTTNews) - Spanish merchandise exports rose 0.9 percent year-on-year in June, mainly due to incre ...Full Story>>

Continued Monitoring Of Financial Stability Risks Needed: Thailand CB Minutes

08/21/2019 - 09:34 AM (RTTNews)
(RTTNews) - Risks to financial stability such as high household debt, warrants continued monitorin ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.