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China Forex Reserves Rise for Third Straight Month

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02/11/2019 | 04:34am EST

BEIJING--China's foreign-exchange reserves increased for the third straight month in January, as continued dollar weakness boosted values in assets denominated in other currencies.

The foreign-exchange hoard rose by $15.21 billion in January from the previous month to $3.088 trillion, data from the central bank showed Monday. Economists polled by The Wall Street Journal expected a gain of $12 billion for January.

The dollar index fell 0.5% last month, with the yuan climbed 2.3% against the dollar, according to Wind.

In December, China's forex reserves grew by $11 billion.

Write to Liyan Qi at liyan.qi@wsj.com

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