China central financial institution’s web foreign-exchange gross sales almost doubled in November from October amid renewed power of the U.S. greenback.
The Individuals’s Financial institution of China bought a web 1.18 billion yuan ($169 million) in overseas alternate in November, in contrast with web gross sales of CNY598 million in October, in line with information launched by the central financial institution on Monday.
The PBOC’s foreign-exchange buy place, which has been declining for 16 straight months, stood at CNY21.234 trillion on the finish of November, central financial institution information confirmed.
The yuan edged 0.1% greater in opposition to the greenback final month after rising 1.4% in October, in line with Wind.
Supply: Dow Jones