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China Forex Reserves increased in January
China's foreign-exchange reserves increased for the third straight month in January, as continued dollar weakness boosted values in assets denominated in other currencies.
The foreign-exchange hoard rose by $15.21 billion in January from the previous month to $3.088 trillion, data from the central bank showed. Economists expected a gain of $12 billion. In December, China's forex reserves grew by $11 billion.
European Economic Commissioner Moscovici said that it was necessary for the European Union and all of its member states to be ready for all possible scenarios regarding Britain’s expected departure from the European Union
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