China reserves the forex at the end of September USD 3.1085 trln vs 3.1 trln exp




The chinese reserves data just released 9 Oct

  • at the end of September reserves of gold 59.24 million troy ounces USD 76.005 bln

8th consecutive win for the Chinese, the foreign exchange reserves, the longest since mid-2014, the date on which they reached a peak around USD 4trln

The curbs on capital outflows have reduced the need for PBOC intervention, although better economic data has restored a little more faith in the yuan.
Economists, analysts suggest that if the trend continues then the PBOC will be inclined to relax the capital controls a little further.
Yuan rallying as I type.



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