jokerpokeronlinefree| At the end of April, my country's foreign exchange reserves were US$3.2008 billion

A (Reporter Liu Qi) on May 7, the State Administration of Foreign Exchange (hereinafter referred to as "safe") released data on the scale of foreign exchange reserves at the end of April 2024. Data show that as of the end of April 2024,JokerpokeronlinefreeThe size of China's foreign exchange reserves is 3.2008 trillion US dollars, which is 44.8 billion US dollars lower than that at the end of March.Jokerpokeronlinefree.38%.

Safe said that in April 2024, due to macroeconomic data of major economies, monetary policy expectations and other factors, the dollar index rose, global financial asset prices fell overall. Due to the combined effect of factors such as exchange rate conversion and asset price changes, the scale of foreign exchange reserves decreased in April.

Wen Bin, chief economist of China Minsheng Bank, analyzed in an interview with the Securities Daily that in April, due to the higher-than-expected US employment and inflation data, the Fed's interest rate cut was delayed, which led to a rise in the US dollar index. global financial asset prices fell overall, and the international financial market reappeared the situation of "three killings" of stocks, bonds, and foreign exchange.

Specifically, in April, in terms of exchange rate, the dollar index rose 1. 5% from the previous month.Jokerpokeronlinefree.7 to 106.2, the euro, yen, sterling and other major non-US currencies collectively depreciated. In terms of asset prices, the yield on 10-year Treasuries rose 48 basis points month-on-month to 4.68 per cent, the S & P 500 fell 4.2 per cent, the European Stoxx 50 fell 3.2 per cent and the Nikkei 225 fell 4.9 per cent.

The safe pointed out that China has a stable economic foundation, many advantages, strong resilience and great potential, which is conducive to the basic stability of the scale of foreign exchange reserves.

"the current international economic situation has improved. Global manufacturing PMI has been above the rise and fall line for four consecutive months. WTO predicts that global merchandise trade will grow by 2.6% in 2024, reversing last year.JokerpokeronlinefreeThe downward trend. The mild recovery of the global economy and the recovery of international trade have driven China's exports to grow by 1.5% in the first quarter. China's foreign trade will remain resilient and continue to play a basic role in stabilizing cross-border capital flows. At the same time, with the landing of a new round of opening-up measures, the risk aversion and investment value of RMB assets have been further highlighted. Since May, expectations of Fed interest rate cuts have risen, the US dollar index has fallen high, and global equity and bond market prices have rebounded, which is conducive to the stability and improvement of foreign exchange reserves. In addition, China's economic development has a solid foundation, many advantages and great potential, the long-term trend of improvement will not change, and the scale of foreign exchange reserves is expected to remain basically stable. " Wen Bin said.

Gold reserve data released on the same day showed that by the end of April 2024, China's central bank's gold reserves had reported 72.8 million ounces, up 60, 000 ounces from the previous month. It is worth mentioning that the people's Bank of China has started this round of gold reserve increase since November 2022 and has increased for 18 consecutive months to April 2024.