China’s foreign reserves fall to $3.219 tln in Jan.

China’s foreign exchange reserves declined by $18.66 billion to $3.219 trillion in January, slightly less than the $3.217 trillion expected by analysts, a data released by the State Administration of Foreign Exchange (SAFE) showed on Wednesday.

In January, the yuan fell one per cent against the U.S. dollar, while the dollar strengthened by 2.2 per cent against a basket of other major currencies.

China’s gold holdings increased to 72.19 million fine troy ounces at the end of January, from 71.87 million ounces at the end of December. The value of China’s gold reserves remained unchanged at $148.23 billion at the end of January, the same as December.