China's Forex Reserves Decline To $3.115 Trillion In September

China's foreign exchange reserves fell more than expected in September, according to official data reported.

The yuan depreciated by 0.5% against the dollar in September, while the dollar appreciated by 0.2% against a basket of other major currencies during the month.

This decline occurred as the US dollar rose against other major currencies, as reported by Albee Zhang, Zhang Yan, and Kevin Yao for Reuters.

China's reserves, which are the world's largest, dropped by $45 billion to $3.115 trillion last month. This was lower than the $3.13 trillion predicted by analysts in a Reuters poll and down from $3.16 trillion in August.

The yuan depreciated by 0.5% against the dollar in September, while the dollar appreciated by 0.2% against a basket of other major currencies during the month.

At the end of September, China held 70.46 million fine troy ounces of gold, up from 69.62 million ounces at the end of August. However, the value of China's gold reserves decreased to $131.79 billion at the end of September from $135.22 billion at the end of August.

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