China's foreign-exchange reserves in August fell $3.77 billion on month, official data showed on Tuesday, as capital flows into the bond market offset the impact of foreign exchange fluctuations. The nation's foreign-exchange reserves--the world's largest--stood at $3.232 trillion at the end of August, down from $3.236 trillion at the end of July, according to the People's Bank of China. Economists polled by the Wall Street Journal expected reserves to be at $3.233 trillion.
Kirkland Lake Gold Ltd.' s exposure to U.S. and Australian dollars as the Canadian dollar strengthened increased the company's expenses. Here's what the gold producer had to say:. "After weakening sharply against the U.S. dollar in the first quarter of 2020, concurrent with the emergence of the Covid-19 pandemic, the Canadian and Australian dollars began strengthening against the U.S. dollar starting in the second quarter of 2020 with this trend continuing through the remainder...
China's foreign exchange reserves fell $7.8 billion in June after rising for two straight months, according to data released Wednesday by the People's Bank of China. The nation's foreign exchange reserves stood at $3.214 trillion at the end of June, down from $3.222 trillion at the end of May, said the PBOC. The drop was smaller than the $22 billion decline expected by economists polled by The Wall Street Journal.
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