# China August FX reserves, up for seventh straight month, reach $3.092 trillion

> China's foreign exchange reserves rose for a seventh straight month to $3.092 trillion in August. The People's Bank of China may have been a net buyer of foreign currency for the first time since October 2015, as capital outflows slowed and the yuan gained.

- Date: 2017-09-07 · published 2017-09-07T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/7802-china-august-fx-reserves-up-for-seventh-straight-month-reach-3-092-trillion
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A possible return to net foreign-exchange purchases by the central bank signals reduced pressure on the yuan, which can support Chinese import capacity for feed. The data release mainly reflects currency conditions rather than a direct change in feed demand.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-09-08 | 5 | -1.7% | -3.6 | Rising FX reserves and likely PBOC net foreign currency buying point to slower capital outflows, which supported the yuan. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-01-17 | [Better-than-Expected Batch of Chinese Data Lifts Renminbi –  Currency Thoughts](https://feedsoft.ai/events/7879-better-than-expected-batch-of-chinese-data-lifts-renminbi-currency-thoughts.md) | +0.6% | +1.6% |
| USDCNY | 2020-11-09 | [The Fed - Foreign Exchange Rates - H.10 -  November 09, 2020](https://feedsoft.ai/events/50374-the-fed-foreign-exchange-rates-h-10-november-09-2020.md) | -0.4% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/article/china-economy-forex-reserves/update-2-china-august-fx-reserves-up-for-7th-straight-month-reach-3-092-trln-idUSL4N1LO2ZR/

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