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China’s foreign exchange reserves fell in July, gold reserves rose for 8th straight month


China’s foreign exchange reserves fell $15.54 billion in July to $3.104 trillion, ending a two-month gaining streak, according to data released by the People's Bank of China on Wednesday.

That's compared with a drop of $18 billion to $$3.101 trillion expected by analysts polled by Reuters and the median estimate of $3.105 trillion in Bloomberg’s survey. Some analysts say the smaller-than-expected drop was likely due to fluctuations in global . . .

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