During the first quarter, capital outflows from China eased considerably, with cross border capital flows getting more balanced, as the foreign exchange regulator told on Thursday.
Less pressure from outflows has already helped to steady the Chinese Yuan this year and also brought China's foreign currency reserves back over the closely monitored $3 trillion mark.
Hopes for further Yuan depreciation have dropped considerably, as State Administration of Foreign Exchange spokeswoman Wang Chunying revealed at a news conference.
Net foreign exchange sales by China's commercial banks dropped steeply during the first quarter after policymakers tightened supervision on money leaving China and as a weaker greenback took pressure of the Yuan as well as other emerging currencies.
Net sales of foreign exchange by Chinese commercial banks edged down to $40.9 billion during the first quarter, compared with $124.8 billion in the first quarter of the previous year and $337.7 billion in sales in 2016, as SAFE data disclosed.
In May, the euro zone's surplus for products traded with other nations of the world edged down due to the fact that exports slumped and imports rallied, just a month before American duties on EU aluminum and steel came into effect, as official data…
In June, American import prices came up with their most impressive tumble for more than two years…
In June, China's trade surplus with America established another record because exports speeded up broadly…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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