PBOC: China FX reserves fell by $45.7bn in Oct, biggest drop since Jan

The Chinese central bank, PBOC, published a latest report on the country’s fx reserves, noting that the fx reserves stood at $ 3.121trln end Oct vs 3.166trln end Sept.

China’s FX reserves fell by $45.7bn in Oct, registering the biggest drop since January 2016. The continued depreciation in the Yuan is cited as the main catalyst behind the drop in reserves.