For graphic on U.
Subscribe to read
Treasury assessment of currency manipulation, click: The March increase marks the first time reserves had increased two consecutive months since April Julian Evans-Pritchard of Capital Economics said the way reserves were broadly stable in March "suggests that the recent easing of capital outflows has allowed the People's Bank of China to step back from FX intervention".
China's foreign-exchange regulator, in a statement on its website on Friday, said pressure on capital outflows eased somewhat in the first quarter. Forex reserves are expected to further stabilise, the regulator said, adding that the monthly change in reserves' total is also stabilising. The March reserves data came out as Chinese President Xi Jinping is meeting with U.
List of countries by foreign-exchange reserves - Wikipedia
President Donald Trump in Florida, and one week before a U. Treasury's currency report - which could label trading partners as currency manipulators - is due. China's State Administration of Foreign Exchange SAFE , the regulator, said last week that pressure from capital outflows eased somewhat in and there will be greater flexibility in the yuan's exchange rate in The regulator also said that authorities will take measures to attract capital inflows this year.
In February, China's central bank sold the smallest amount of foreign exchange in nine months, supporting the government's assertions that capital outflows were easing amid tighter scrutiny of cross-border flows. China has tightened rules on moving capital outside the country in recent months as it seeks to support the yuan currency and stem a slide in reserves.
In recent weeks, the yuan has been steady against the dollar. However, the meeting between U. President Donald Trump and Chinese President Xi Jinping is expected to have an impact on yuan's value in the medium term. China does not have a "bottom line" for either the yuan exchange rate against the dollar or foreign exchange reserves, a senior PBOC official told Reuters in March.
Trump had said during the U.
But now foreign exchange policy experts say that the Trump administration looks unlikely to formally declare China a currency manipulator shortly after the U. LONDON British Prime Minister Theresa May promised on Wednesday to listen more to businesses' concerns about Brexit as Queen Elizabeth formally opened parliament by announcing the government's program for the next two years. LONDON Prime Minister Theresa May outlined her government plan on Wednesday, promising to secure the best possible Brexit deal that secures the "maximum possible support" as the UK prepares to leave the European Union.
Reuters is the news and media division of Thomson Reuters.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.
Learn more about Thomson Reuters products:. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.Why Does China Have Large Foreign Exchange Reserves?
Markets European Markets Asian Markets Global Market Data Stocks Bonds Currencies Commodities Futures Funds Earnings Dividends. Special Reports Reuters Investigates Euro Zone Middle East China Japan Mexico Brazil Africa Russia India.
China Foreign Exchange Reserves | | Data | Chart | Calendar
Politics Home Polling Explorer Live: Technology Home Science Top Global Innovators Media Environment Innovation. Breakingviews Home Breakingviews Video.
Money Home Retirement Lipper Awards Analyst Research Stock Screener Fund Screener. Health Sports Arts Entertainment Oddly Enough.
Pictures Home The Wider Image Photographers Focus Intel Fri Apr 7, 6: An advertisement poster promoting China's renminbi RMB or yuan , U.
Light is cast on a U. By Cheng Fang and Sue-Lin Wong BEIJING. The Thomson Reuters Trust Principles.
From Around the Web Promoted by Revcontent. Photos of the Day. Follow Us On Twitter Follow Us On Facebook Follow Us On RSS Follow Us On Instagram Follow Us On YouTube Follow Us On LinkedIn.
Feeds Newsletters Podcasts Apps. Reuters News Agency Brand Attribution Guidelines Careers. Learn more about Thomson Reuters products: Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface.
Everything you need to empower your workflow and enhance your enterprise data management.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The industry leader for online information for tax, accounting and finance professionals.