Forecast of Today's Financial and Economic data: China announces Foreign Exchange reserves in June

Published: Jul 7, 2020 06:51

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SMM7 June 7: today we focus on the data of China's foreign exchange reserves in June.

In terms of data,

China's foreign exchange reserves in June refer to the foreign exchange portion of the international reserve assets held by a government, that is, the claims held by a government in foreign currencies, which are assets held by a national monetary authority and can be exchanged for foreign currencies at any time.

The monthly rate of industrial output in Germany after the quarterly adjustment in May, which is generally considered to be the main indicator of manufacturing activity. Better data will boost the euro. The steady rise in the industrial output index shows that the economy is on the rise and the demand for means of production will increase accordingly.

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