BEIJING | China’s reserves fall, suggesting Beijing propping up yuan

BEIJING | China’s reserves fall, suggesting Beijing propping up yuan

BEIJING — China’s foreign currency reserves declined in October in a sign Beijing might be intervening in the market to keep its yuan from falling too far against the dollar and triggering a possible U.S. backlash amid a tariff battle.

The reserves, the world’s largest, declined by about $34 billion to just over $3 trillion, according to central bank data released Wednesday.

The bank gave no indication how much of that was due to selling dollars to support the yuan.

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