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Another blow to China's forex reserves

Dec. 07, 2016 4:02 AM ETCYB, CNY, FXCHBy: Yoel Minkoff, SA News Editor
  • China's foreign exchange reserves fell for a fifth straight month in November, tumbling $69.06B to $3.052T - the lowest since March 2011, as authorities struggled to shore up the sliding yuan in the face of a relentlessly rising dollar.
  • Adding to pressure on the currency, U.S. President-elect Donald Trump has vowed to label China a currency manipulator on his first day in office and threatened to impose huge tariffs on Chinese goods.
  • ETFs: CYB, CNY, FXCH

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