China December FX Reserves Decrease Slightly

Jan-08 01:40

China’s foreign exchange reserves stood at USD3.2 trillion at the end of December, down USD63.5 billion from November, a decrease of 1.94%, Securities Daily reported citing data by State Administration of Foreign Exchange. The decline was mainly attributed to a stronger U.S. dollar which led to an overall fall in global asset prices. Export resilience, stable cross-border capital flows and the implementation of additional policies will help support the basic stability of fx reserves, the newspaper said citing analysts.

Historical bullets

CNY: CNH: USD/CNY Fixing Lower than Market Estimates.

Dec-09 01:39
  • The USD/CNY fix printed at 7.1870, versus a Bloomberg consensus of 7.2614.
  • Today's fixing is 744pips stronger than estimates.
  • USD/CNH is trying to drift higher in the first part of today’s trading, as broader USD sentiment recovers some ground. Opening at 7.2833.

MNI: CHINA NOV CPI +0.2% Y/Y VS MEDIAN +0.4%; OCT +0.3%: NBS

Dec-09 01:33
  • CHINA NOV CPI +0.2% Y/Y VS MEDIAN +0.4%; OCT +0.3%: NBS
  • CHINA NOV CPI -0.6%M/M VS -0.3% M/M OCT
  • CHINA NOV FOOD PRICES +1.0% Y/Y VS +2.9% Y/Y OCT
  • CHINA NOV NON-FOOD PRICES +0.0% Y/Y VS -0.3% Y/Y OCT
  • CHINA NOV PPI -2.5% Y/Y VS MEDIAN -2.8%; OCT -2.9%: NBS
  • CHINA NOV PPI +0.1% M/M VS -0.1% M/M OCT

MNI: CHINA PBOC CONDUCTS CNY47.1 BLN VIA 7-DAY REVERSE REPOS MON

Dec-09 01:28
  • CHINA PBOC CONDUCTS CNY47.1 BLN VIA 7-DAY REVERSE REPOS MON