Chinese yuan banknotes

PBoc Reserves Rise Again in July The latest data shows that PBoC FX reserves rose again in July, reaching around $3.1trln. Central banks in developed economies have been steadily adding to their reserves, which is a trend likely to develop further if the use continues its downward trajectory. Indeed, a downward trend in USD could see self-rein...

2017-08-09 James Harte Read more