China’s Foreign Currency Reserves Drop First Time in 3 Months

(Bloomberg) -- China’s foreign-currency holdings slipped for the first time in three months in June as a stronger dollar cut the value of assets in other currencies.

Reserves fell to $3.214 trillion from $3.222 trillion in May, the People’s Bank of China said Wednesday in a statement, compared with the median estimate of $3.2 trillion in a Bloomberg survey of economists.

Key Insights

©2021 Bloomberg L.P.