MNI BRIEF: China's Forex Reserves Up USD32.2 Billion In June

China's foreign exchange reserves rose by USD32.2 billion in June, as the U.S. dollar index fell and global financial asset prices generally rose, data by the State Administration of Foreign Exchange showed on Monday.

The country's forex reserves, the world's largest, rose 0.98% to USD3.317 trillion last month, slightly higher than market expectation of USD3.313 trillion. (See MNI: PBOC Seen Guiding Slow Yuan Strength Amid Trade Talks)

The People’s Bank of China increased gold holdings for an eighth consecutive months to a record 73.9 million ounces by the end of June, compared to the previous 73.83 million ounces.