Economic Calendar
China’s FX Reserves Dip in June

China’s foreign exchange reserves fell to $3.416 trillion at the end of June 2026, down from an over ten-year high of $3.442 trillion touched in May and below market expectations of $3.44 trillion. The decline followed a 2.3% rise in the US dollar against a basket of currencies, its strongest monthly gain since July 2025, amid expectations of a Federal Reserve rate hike this year. China’s central bank continued its gold-buying streak for a 20th month, with reserves reaching 75.44 million fine troy ounces by June’s end, up from 74.96 million in May. However, the value of these reserves dropped to $303.72 billion from $340.75 billion.
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