Chinas foreign reserve at the end of June has increased and stronger than expect

The data released by the People's Bank of China on Friday (July 7) shows that the foreign exchange reserves at the end of June were US $ 3.193.0 trillion (about S $ 4.31 trillion), which increased by 16.49 billion US dollars from the previous month.Essence

The foreign exchange reserve at the end of May was US $ 317.65 trillion, a decrease of US $ 28.258 billion, and the increase of two months after the increase of two months.

Five economists surveyed by the Wall Street Journal predict that the scale of foreign exchange reserves in China in June may increase slightly from US $ 3.177 trillion in May to US $ 3.180 trillion.

The Wall Street Journal reports that the transition of foreign reserves in June may be related to the valuation effect caused by the turning of the US dollar index.

After a continuous increase of 10 consecutive interest rate hikes, the Federal Reserve suspended interest rate hikes in mid -June, triggering the US dollar index decline.

According to data providers, after the rapid rise of 2.51%in May, the US dollar index fell by 0.81%in June.

However, the RMB against the US dollar index continued to fall last month, which may trigger a certain degree of capital outflow.