# China Sept FX reserves fell unexpectedly as pandemic pressured global economy

> China's foreign exchange reserves fell unexpectedly in September, to about $3.143 trillion from $3.169 trillion. The US dollar index rose nearly 2% in September, its first monthly gain in five months, as COVID-19 resurgence in major economies weighed on risk appetite.

- Date: 2020-10-07 · published 2020-10-07T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/5562-china-sept-fx-reserves-fell-unexpectedly-as-pandemic-pressured-global-economy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar tends to pressure dollar-priced commodities, and falling Chinese reserves may signal reduced capacity for import purchases. The overall feed-price effect is modest.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-31 | [The Loonie falls after stronger numbers than expected in the American economy. - OFX (US)](https://feedsoft.ai/events/56800-the-loonie-falls-after-stronger-numbers-than-expected-in-the-american-economy.md) | -0.1% | +0.8% |
| DXY | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | +2.0% | +1.2% |
| DXY | 2026-08-26 | [Euro comes under pressure against US Dollar after mixed US PCE data](https://feedsoft.ai/events/18103-euro-comes-under-pressure-against-us-dollar-after-mixed-us-pce-data.md) | +0.4% | +1.6% |
| DXY | 2022-08-11 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/40215-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +1.1% | +3.2% |
| DXY | 2019-05-01 | [Federal Reserve Board - Federal Reserve issues FOMC statement](https://feedsoft.ai/events/58993-federal-reserve-board-federal-reserve-issues-fomc-statement.md) | +0.2% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/china-economy-reserves-idUSAZN00FZGY/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.