China's Forex Reserves Rose $10.64 Billion in June

BEIJING--China's foreign-exchange reserves rose in June for a third straight month amid a weakening dollar and eased outflow pressure, official data showed Tuesday.

The country's hoard of foreign exchange increased by $10.64 billion to $3.112 trillion at the end of June, according to data released by the People's Bank of China.

Economists polled by The Wall Street Journal had expected an $18 billion rise in reserves in June. In May, China's foreign-exchange reserves increased by $10.23 billion.

The U.S. dollar dropped 1.00% against the Chinese yuan last month. Meanwhile, the U.S. dollar index dropped 0.89% in June, compared with a 0.76% fall in May, according to information provider Wind.

Write to Singapore Editors at singaporeeditors@dowjones.com


  (END) Dow Jones Newswires
  07-07-20 0434ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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