BEIJING: China’s foreign exchange reserves fell in June, official data showed on Sunday, as the dollar rose against other major currencies.
The country’s foreign exchange reserves, the world’s largest, fell by $9.681 billion to $3.222 trillion last month, below the $3.226 trillion total tipped by a Reuters poll of analysts and down from $3.232 trillion in May.
The yuan fell 0.3% against the dollar in June, while the dollar last month rose 1.1% against a basket of other major currencies =USD.
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China held 72.80 million fine troy ounces of gold at the end of June, matching the figure at the end of May.
The value of the gold reserves declined to $169.70 billion at the end of June from $170.96 billion a month earlier.
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