China's July forex reserves rise less than expected

China's foreign exchange reserves rose less than expected in July, central bank data showed on Friday, as the greenback resumed weakness. 

The country held US$3.419 trillion in foreign exchange reserves last month, below the US$3.422 trillion forecast by analysts polled by Reuters. The reserves totalled US$3.416 trillion in June. 

During the month, the yuan strengthened 0.52 percent against the dollar, while the dollar fell 1.34 percent against a basket of major currencies.

Reuters

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