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China PBOC Sold CNY12.53 Billion of Forex in February

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03/18/2020 | 04:28am EDT

BEIJING--China's central bank reported the largest monthly foreign-exchange sales in more than a year as the country's economy took a hard hit from the coronavirus epidemic, official data showed Wednesday.

The central bank sold a net 12.53 billion yuan ($1.78 billion) worth of foreign exchange in February, reversing from a net purchase of CNY5.72 billion in January, according to data released by the People's Bank of China.

The PBOC's foreign-exchange purchase position stood at CNY21.225 trillion at the end of February, compared with CNY21.237 trillion at the end of January, central bank data showed.

The U.S. dollar index climbed 0.79% in February after rising 0.95% in January, according to Wind.

 

--Liyan Qi

 

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