China's Forex Reserves Plummet to $3.115 Trillion in September

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Source: Reuters
China's Forex Reserves Plummet to $3.115 Trillion in September
Photo: Reuters
TL;DR Summary

China's foreign exchange reserves, the world's largest, dropped by $45 billion to $3.115 trillion in September, falling more than expected as the US dollar strengthened against other major currencies. The yuan depreciated by 0.5% against the dollar, while the dollar gained 0.2% against a basket of other major currencies. China's gold reserves increased slightly to 70.46 million fine troy ounces.

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