# China's November foreign exchange reserves fall amid trade deal negotiations

> China's foreign exchange reserves fell $9 billion in November to $3.096 trillion, more than the roughly $4 billion decline analysts had expected. The central bank attributed recent changes mainly to exchange-rate fluctuations and the value of its foreign bond holdings.

- Date: 2019-12-07 · published 2019-12-07T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/55803-china-s-november-foreign-exchange-reserves-fall-amid-trade-deal-negotiations
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Reserve movements mainly reflect currency and asset valuations rather than trade flows, so the direct effect on feed commodity prices is limited. The yuan's swings with US-China trade talks do feed into import pricing.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-10-10 | [Forex (Foreign Exchange) News: PBOC Lowers Risk Reserves Ratio for FX Forwards - Bloomberg](https://feedsoft.ai/events/5556-forex-foreign-exchange-news-pboc-lowers-risk-reserves-ratio-for-fx-forwards.md) | -0.2% | -1.0% |
| USDCNY | 2017-12-05 | [Positive signs for China’s ability to rebuild foreign reserves \| ING THINK](https://feedsoft.ai/events/67712-positive-signs-for-china-s-ability-to-rebuild-foreign-reserves-ing-think.md) | -0.0% | -1.8% |
| USDCNY | 2019-05-23 | [Trade tensions are starting to pull foreign-exchange markets into the arena \| INTERNATIONAL MARKET NEWS - Business Standard](https://feedsoft.ai/events/59285-trade-tensions-are-starting-to-pull-foreign-exchange-markets-into-the-arena.md) | -0.1% | -0.8% |
| USDCNY | 2022-05-03 | [China \| RMB exchange rate sharp depreciation amid diverging monetary policy \| BBVA Research](https://feedsoft.ai/events/8313-china-rmb-exchange-rate-sharp-depreciation-amid-diverging-monetary-policy-bbva.md) | +1.8% | +1.0% |
| USDCNY | 2018-11-07 | [China's reserves fall, suggesting Beijing propping up yuan \| AP News](https://feedsoft.ai/events/62266-china-s-reserves-fall-suggesting-beijing-propping-up-yuan-ap-news.md) | +0.5% | -0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/12/07/chinas-november-foreign-exchange-reserves-fall-more-than-expected-amid-trade-deal-negotiations.html

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