Chinese Foreign Exchange Reserves (Mar) 3.342T vs. Exp. 3.40T (Prev. 3.428T)

China's foreign exchange reserves fell to $3.342 trillion in March, missing expectations of $3.40 trillion and down from $3.428 trillion previously.

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Swiss Sight Deposits (CHF) (w/e 3rd April): Total 464.3bln (prev. 460.9bln), Domestic 429.9 (prev. 433bln)

China gold reserves at end-March (USD) 342.76bln (prev. 387.59bln)

Chinese Foreign Exchange Reserves (Mar) 3.342T vs. Exp. 3.40T (Prev. 3.428T)

German S&P Global Services PMI Final (Mar) 50.9 vs. Exp. 51.2 (Prev. 53.5)

German S&P Global Composite PMI Final (Mar) 51.9 vs. Exp. 51.9 (Prev. 53.2)

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Context

This decline may signal pressures on the yuan and could influence market sentiment around currency stability, raising concerns about potential interventions by the central bank to stabilize the currency.

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