China's forex reserves rise unexpectedly in January
ReutersFeb 7, 2025 8:36 AM
BEIJING, Feb 7 (Reuters) - China's foreign exchange reserves rose unexpectedly in January, central bank data showed on Friday, as the dollar lost some momentum.
The country's foreign exchange reserves, the world's largest, rose $7 billion last month to $3.209 trillion, exceeding a Reuters forecast of $3.2 trillion to stand up from December's figure of $3.202 trillion.
The yuan CNY=CFXS weakened 0.7% against the dollar in January, while the dollar stayed almost flat last month against a basket of other major currencies =USD.
Reviewed byTony
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
2025 IPOs Are Back with a Bang — And These Upcoming Names Should Be on Your Radar
TradingKey - After a multi-year slowdown, the IPO market is making a strong comeback — and 2025 is shaping up to be a banner year.TradingKey
12 hours ago
AMD Q2 FY2025 Earnings Review: Impressive Growth Stumbles on Export Control Hurdles
TradingKey - Advanced Micro Devices, Inc. (NASDAQ: AMD) released its Q2 FY2025 earnings on August 5, 2025, after market close, delivering robust results driven by record sales in its Data Center and Client segments. Despite a 32% YoY revenue increase, surpassing expectations, the stock dipped aroundTradingKey
Wed, Aug 6
MP Materials 2Q25 Earnings Preview: The New Stock Darling?
TradingKey - MP Materials will release its earnings for the second quarter of the fiscal 2025 on August 7th after the bell.TradingKey
Tue, Aug 5
Bank of England August Rate Decision Preview: Pound Likely to Enter a Fluctuation Phase
TradingKey - On 7 August 2025, the Bank of England (BoE) will announce its policy interest rate decision. The prevailing market view suggests a high likelihood of a 25-basis-point rate cut, lowering the benchmark rate from the current 4.25% to 4%.TradingKey
Mon, Aug 4
