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πŸ‡¨πŸ‡³ China's FX reserves hit $3.411 trillion in April, but the dollar's weakness did most of the work

πŸ‡¨πŸ‡³ China's FX reserves hit $3.411 trillion in April, but the dollar's weakness did most of the work

China's FX reserves rose to $3.411 trillion in April, up $69 billion MoM. A weaker dollar likely drove much of that gain through valuation effects. Upcoming trade data will determine whether the build reflects real export resilience or accounting arithmetic.

Close-up of scattered United States dollar bills including $100 notes with Benjamin Franklin and $5 notes with Abraham Lincoln.
China's foreign exchange reserves climbed to $3.411 trillion at the end of April, reflecting modest accumulation amid stable external conditions as markets monitor liquidity signals from Beijing. Source

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