georgemiller
Publish Date: Sat, 07 Jun 2025, 02:41 AM

BEIJING, June 7 (Reuters) - China's foreign exchange reserves rose by a less-than-expected $3.6 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 0.11% to $3.285 trillion last month, below the Reuters forecast of $3.292 trillion. They were $3.282 trillion in April.
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The increase in reserves was due to "the combined effects of factors such as exchange rate conversion and asset price changes," China's State Administration of Foreign Exchange said in a statement.
The yuan weakened 1.05% against the dollar in May, while the dollar slid 0.23% against a basket of other major currencies .
https://www.reuters.com/markets/asia/chinas-forex-reserves-up-36-billion-may-less-than-expected-2025-06-07/