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China forex reserves fall to US$3.222 trillion in June

BEIJING: China's foreign exchange reserves fell in June, official data showed on Sunday, as the dollar rose against other major currencies.

The country's foreign exchange reserves, the world's largest, fell by $9.681 billion to US$3.222 trillion last month, below the US$3.226 trillion total tipped by a Reuters poll of analysts and down from US$3.232 trillion in May.

The yuan fell 0.3 per cent against the dollar in June, while the dollar last month rose 1.1 per cent against a basket of other major currencies =USD.

China held 72.80 million fine troy ounces of gold at the end of June, matching the figure at the end of May. The value of the gold reserves declined to US$169.70 billion at the end of June from US$170.96 billion a month earlier.

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