The yuan rose 2.8% against the dollar in December, while the dollar fell 2.3% last month against a basket of other major currencies.
Possession achieved China from gold 64.64 million ounces at the end of December compared to 63.67 million at the end of November.
The value of China’s gold reserves rose to $117.24 billion at the end of December, from $111.65 billion at the end of November.
After falling 7.9% against the dollar in 2022, the Chinese yuan hit its highest level in more than four months against the dollar on the first trading day of the new year, January 3, buoyed by investor optimism on the fact that the domestic economic recovery would start sooner than expected. .
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and elevation foreign exchange reserves China, the world’s largest, gained $11 billion to $3.128 trillion last month, compared with $3.154 trillion expected by a Reuters poll of analysts and $3.117 trillion in November.
The yuan rose 2.8% against the dollar in December, while the dollar fell 2.3% last month against a basket of other major currencies.
Possession achieved China from gold 64.64 million ounces at the end of December compared to 63.67 million at the end of November.
The value of China’s gold reserves rose to $117.24 billion at the end of December, from $111.65 billion at the end of November.
After falling 7.9% against the dollar in 2022, the Chinese yuan hit its highest level in more than four months against the dollar on the first trading day of the new year, January 3, buoyed by investor optimism on the fact that the domestic economic recovery would start sooner than expected. .
