Stock market quotes, forex, financial news, forex tools –

China’s foreign exchange reserve fell to its minimum

 Breaking News
  • Trump and Xi Jinping came to an agreement! According to the reports from Xinhua, US President Trump and China’s President Xi Jinping have agreed on additional tariffs from the United States. During the G-20 summit in Argentina, the...
  • Qatar leaves OPEC on 1, January Next year Qatar will leave OPEC. The Minister of Energy of the Middle Eastern state said that the country was not going to fulfill any obligations when the clock chimed...
  • Brent rose by 5% to $ 62.5 On Monday, the price of the major benchmark crudes is growing due to the news from the main supplier countries. February contracts of Brent have risen by 5% to $...
  • Fiat invests in the national auto industry An automaker Fiat is going to invest 5 billion Euros in the improvement of the production in Italy. It is planned to absorb investments in the next four years. The...
  • General Motors will cut staff and close several plants An auto giant General Motors is going to cut about 15% of its employees and a quarter of the management team. These changes apply only to the United States. Thus,...
China’s foreign exchange reserve fell to its minimum
November 09
09:00 2018

In October China’s foreign exchange reserves, which are the largest in the world, fell by 1.1% ($ 34 billion) with respect to the figures for the previous month.

According to the Central Bank, this figure is the minimum since April 2017. The amount of reserves in October totaled 3 trillion 53 billion US dollars. In September, it was equal to 3 trillion 87 billion US dollars.

Experts predicted a smaller decline – to the level of 3 trillion 58.5 billion US dollars.

Compared with October last year, the decline has amounted to 1.8%.

At the same time, the gold reserves of China have increased in comparison with the end of September – from 70 billion to 72 billion US dollars.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment