21:40, 14-Feb-2018
China FX: C. bank buys 4.5 bln yuan in FX in Jan.
[]
Share
Copied
Now for a look at China's foreign exchange transactions. The People's Bank of China purchased a net 4.5 billion yuan worth of foreign exchange in January, the most since October 2015. That's according to calculations based on PBoC data released Wednesday.
The PBoC has made net purchases of foreign exchange in four of the past five months. That's as the yuan appreciates and demand for foreign currencies among Chinese companies and individuals eases. The yuan ended January with a 3.5 percent gain against the dollar. That was on top of a 6.8 percent rise against the dollar last year.