Market News
China's Sept forex reserves rise more than expected to $3.316 trln - REUTERS
SHANGHAI, Oct 7 (Reuters) - China's foreign exchange reserves rose more than expected in September, official data showed on Monday, as the dollar weakened against other major currencies.
The country's foreign exchange reserves - the world's largest - grew by $28.2 billion to $3.316 trillion last month, compared with a median estimate of $3.304 trillion in a Reuters poll of analysts, and $3.288 trillion in August.
The yuan strengthened about 1.1% against the dollar in September, while the dollar last month weakened around 1% against a basket of other major currencies.
(This story has been corrected to fix the August forex reserves in paragraph 2, and the September growth in paragraph 3)
