China's forex reserves up $3 billion in May, less than expected
ReutersJun 7, 2025 2:13 AM
BEIJING, June 7 (Reuters) - China's foreign exchange reserves rose by a less-than-expected $3 billion in May, official data showed on Saturday, as the dollar continued to weaken against other major currencies.
The country's foreign exchange reserves, the world's largest, rose to $3.285 trillion last month, below the Reuters forecast of $3.292 trillion. They were $3.282 trillion in April.
The yuan CNY=CFXS weakened 1.05% against the dollar in May, while the dollar slid 0.23% against a basket of other major currencies =USD.
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