China fx reserves rise $11bn to $3.128 trillion in December
Business
China fx reserves rise $11bn to $3.128 trillion in December
BEIJING (Reuters) - China s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.
The country s foreign exchange reserves - the world s largest - rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 trillion in November.
The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies .
China held 64.64 million fine troy ounces of gold at the end of December, down from end-November. The value of China s gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.
