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Bloomberg
China’s foreign-currency holdings dipped in September, as valuation effects from a stronger dollar weighed on the otherwise stable stockpile.
Reserves fell to $3.092 trillion in the month from $3.107 trillion in August, the People’s Bank of China said on Sunday. The reading compares with a median estimate of $3.106 trillion in a Bloomberg survey. The supply and demand largely remained balanced in the foreign-exchange market in September, and factors such as the exchange rate and changes in asset pricing affected the size of China’s forex reserves, the State Administration of Foreign Exchange said.