China Foreign Reserves Unexpectedly Climb to $3.21 Trillion

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  • PBOC probably didn’t intervene heavily in currency: economist
  • Yuan seen falling as PBOC favors drop amid fragile sentiment

China FX Reserves Gain on Yen Rise

China’s foreign-exchange reserves unexpectedly increased as haven assets such as the Japanese yen appreciated amid the U.K.’s decision to leave the EU.

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