China's forex reserves rise by $16.49 billion to $3.193 trillion in June

The yuan fell 2% against the dollar in June, while the dollar last month fell 1.2% against a basket of other major currencies

Yuan (Photo: Bloomberg)
China held 67.95 million fine troy ounces of gold at the end of June, up from 67.27 million ounces the end-May | (Photo: Bloomberg)
Reuters BEIJING
1 min read Last Updated : Jul 07 2023 | 2:16 PM IST
China's foreign exchange reserves rose in June, official data showed on Friday, as the dollar fell against other major currencies.
 
The country's foreign exchange reserves - the world's largest - rose more than expected by $16.49 billion to $3.193 trillion last month, compared with $3.178 trillion tipped by a Reuters poll of analysts and $3.177 trillion in May.
 
The yuan fell 2% against the dollar in June, while the dollar last month fell 1.2% against a basket of other major currencies.
 
China held 67.95 million fine troy ounces of gold at the end of June, up from 67.27 million ounces the end-May.
 
The value of China's gold reserves fell to $129.93 billion at the end of June, from $132.15 billion at the end-May.
 

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Topics :ChinaForex reservesUS Dollar

First Published: Jul 07 2023 | 2:16 PM IST

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