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HomeForex NewsChina's forex reserves rise less than expected in November — TradingView News

China’s forex reserves rise less than expected in November — TradingView News

China’s foreign exchange reserves grew less than expected in November, official data showed on Sunday, as the dollar’s weakness resumed.

The country’s foreign exchange reserves, the world’s largest, rose by $3 billion last month to $3.346 trillion, versus an estimated $3.359 trillion in a Reuters poll. The reserves amounted to $3.343 trillion in October.

The yuan USDCNY fell 0.65% against the dollar last month, while the dollar weakened 0.24% against a basket of other major currencies DXY.

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