China's forex reserves fell by $14.8 billion in September

Omkar Godbole FXStreet Contributor

China's foreign exchange (forex) reserves fell by $14.8 billion to $3.092 trillion in September, according to data from the State Administration of Foreign Exchange (SAFE).

Economists polled by Reuters had expected reserves would fall by $6 billion.

September's drop was due to fluctuations in foreign exchange rates and asset prices, the foreign exchange regulator said in a statement after the data release.

On a year-to-date basis, however, the reserves are still up $19.7 billion, or 0.6%.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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