Independent Strategy

ChinaChina December FX Reserves

December saw a further solid increase in Chinese FX reserves, the headline holdings number rising US$38.03bn m/m to US$3,216bn.  Again more than half of the rise can be attributed to valuation adjustments as the US dollar continued to depreciate against the balance of the PBoC’s reserve holdings.

Tags

ADP (7) Agriculturals (1) Asia crisis (1) Asset Allocation (1) Australia (2) Autos (1) Bank of Japan (1) Big Data (1) BoJ (1) Bonds (6) Brazil (1) Brexit (5) Canada (1) Capital Goods (2) Central Bank (8) Challenger (1) China (20) Claims (1) Climate change (2) Commodities (1) Copper (1) Coronavirus (4) Corporate Bonds (1) Corporate Debt (2) Covid (3) Covid-19 (50) CPI (9) Credit (45) Current Account (1) Debt (2) Debt Crisis (4) Democracy (4) Demographics (9) Deposits (1) Disruptive Technologies (4) Durable Goods (1) Earnings (1) ECB (10) Elections (2) Emerging Markets (4) Employment (23) Equities (1) Euro (3) Eurogroup (1) Europe (2) Eurozone (19) Exports (2) Factory Orders (6) Federal Reserve (8) Fixed Income (2) France (1) FX (2) GDP (12) Germany (15) Globalisation (8) Global Pandemic (3) Gold (2) Google Mobility (49) HICP (1) Hong Kong (1) Housing (5) IFO (3) Income (1) India (1) Industrial Production (9) Inflation (25) Interest Rates (11) Internet (1) Investment (5) IP (9) Iran (4) Ireland (1) ISM (2) Italy (6) Japan (5) Jobless Claims (1) Korea (3) Labour Market (11) Liquidity (8) Manufacturing (3) Monetary Policy (19) Money (4) Money Market (1) Money Supply (19) Myanmar (1) New Monetarism (6) New Zealand (1) Oil (6) Online (1) Payrolls (25) PCE (2) PMI (1) PMIs (1) Politics (10) Populism (6) Portugal (1) PPI (4) Production (1) Productivity (2) Profits (1) QE (5) Quantum economics (5) Real Estate (1) Redline Money (15) Reserves (3) Retail Sales (11) Russia (2) Services (3) Services PMI (1) Sovereign Bonds (3) Sovereign Debt (4) Spain (4) Sterling (1) Sweden (2) Technials (1) Technicals (124) TICS (1) Total Social Financing (13) Trade (10) TSF (4) Turkey (1) UK (18) Ukraine (1) Unemployment (22) US (35) USD (9) Vietnam (1) Wages (22)

In the Media