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China Foreign Reserves Fall to Lowest Since May 2012

China Foreign Reserves Fall to Lowest Since May 2012

Bradley A. Kearns,

Talking Points:

  • China’s foreign reserves fell to their lowest level since May 2012
  • Foreign reserves $3.23T in Jan. vs $3.21T expected and $3.33T in Dec.
  • Traders use the data to gauge the PBoC’s effort to offset economy risks

Are you losing money in forex trading? Read the “Traits of Successful Traders” to find out why.

Before the start of the trading week, the People’s Bank of China reported that foreign reserves totaled $3.23 trillion in January, higher than the $3.21 trillion forecast but a drop from December’s $3.33 trillion reading. The print was the lowest foreign reserves reading since May 2012.

Financial news-outlets have speculated that the drop in China’s reserves can be used as a measure to gauge the PBoC’s effort to mitigate capital flight and slow the Yuan’s depreciation. The globe’s second largest economy has been one of the primary catalysts for risk-off trading since the beginning of 2016. The markets’ are concerned about China’s economic slowdown and the ability of the government to smoothly transition to a service oriented economy.

China Foreign Reserves Fall to Lowest Since May 2012

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