China central financial institution’s we
China central financial institution’s web international change gross sales in October dropped for a second-straight month because the yuan continued to rebound towards the U.S. greenback.
The central financial institution bought a web 598 million yuan ($85 million) in international change final month, in contrast with web gross sales of CNY1.05 billion in September, in keeping with knowledge launched by the Individuals’s Financial institution of China on Thursday.
The central financial institution’s foreign-exchange buy place, which has been declining for 15 straight months, stood at CNY21.235 trillion on the finish of October, central financial institution knowledge confirmed.
The yuan rose 1.4% towards the greenback final month after edging up 0.1% in September, in keeping with Wind.
Supply: Dow Jones