SHANGHAI (Reuters) – China’s foreign exchange reserves rose more than expected in September, official data showed on Monday, as the dollar weakened against other major currencies.
The country’s foreign exchange reserves – the world’s largest – grew by $28.2 billion to $3.316 trillion last month, compared with a median estimate of $3.304 trillion in a Reuters poll of analysts, and $3.288 trillion in August.
The yuan strengthened about 1.1% against the dollar in September, while the dollar last month weakened around 1% against a basket of other major currencies. (This story has been corrected to fix the August forex reserves in paragraph 2, and the September growth in paragraph 3)