China Forex Reserves Revalue Lower as Dollar Rises

It was another month of the rising dollar driving the value of China's forex reserves lower. China's forex reserves declined by $14.2 billion, but increased by SDR 22.8 billion. The dollar gained 1.3 percent versus the SDR in May. China's SDR reserves rose by 1 percent, the U.S. dollar reserves declined by 0.46 percent.

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