China Reserve Gauge Hits 12-Year High, Smoothing Yuan Rise

China Reserve Gauge Hits 12-Year High, Smoothing Yuan Rise

China’s key gauge of reserve assets saw its biggest quarterly rise in more than 12 years as authorities absorbed heavy foreign currency inflows, a move that helps smooth the pace of the yuan’s gains, according to analysts.

China’s key gauge of reserve assets saw its biggest quarterly rise in more than 12 years as authorities absorbed heavy foreign currency inflows, a move that helps smooth the pace of the yuan’s gains, according to analysts.
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Bloomberg — Markets (EN)




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