by 12:00 AM 0 comments
China`s foreign-exchange reserves data for January, due on Tuesday, may surprise on the upside after a long downtrend, an analyst said. At their pinnacle, reserves reached around $3.99 trillion in mid-2014. China reported that its foreign exchange reserves fell for a sixth straight month in December, declining by $41 billion for the month, to $3.011 trillion, the lowest since early 2011. Analysts have said previously that while the markets may be fixated on $3 trillion, there`s little fundamental basis for the fixation, with an adequate level likely around $2.25 trillion. Hao Zhou, senior emerging markets economist for Asia at Commerzbank, told CNBC`s "Squawk Box" on Monday that the market should prepare for an upside surprise in the data, particularly as mainland authorities were likely to defend the psychological $3 trillion level.

Dramelin

Developer

Cras justo odio, dapibus ac facilisis in, egestas eget quam. Curabitur blandit tempus porttitor. Vivamus sagittis lacus vel augue laoreet rutrum faucibus dolor auctor.

0 comments:

Post a Comment