China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters
China’s forex reserves hit 18-month low as trade war piles pressure on yuan
- China’s currency reserves fall by about US$34 billion in October as central bank defends yuan from excess depreciation
- Drop still modest compared with declines during 2015 market rout
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Foreign exchange market
China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters