Latest data shows that hot money outflow from China continued in September.
- As of data from Peoples Bank of China (PBoC), China's FX reserve sank by another $43 billion in September. This downfall in reserve came in the back of large trade surplus and positive foreign direct investment suggesting capital account outflow could be as high as $100 billion.
- In August. FX reserve dropped by $94 billion, sharpest monthly fall on record. China's FX reserve peaked in June 2014 almost at $4 trillion and from there in little more than a year, it has now fallen to $3.514 trillion, lowest since July 2013.
Forex reserve has declined so far in every month this year, except for April and is now declining at an average pace of $36.5 billion per month.
In August PBoC devalued Yuan via fix by as much as 2%, which led to massive market turmoil in August. An estimated $130 billion might have flown out of China in August, compared to that pace has greatly reduced in September. Still far from stabilizing.
While China has enough firepower to maintain a de-facto peg with Dollar against Yuan, which is currently trading at 6.35 (USD/CNY). Yuan has actually appreciated from 6.45 in August. If flow data shows no reversal in outflow in October, appreciation suggests PBoC's invisible hand in play.


Dogecoin Liquidations Surge as DOGE Bulls Face Heavy Losses
Chainlink Price Drops 3% Despite New CCIP Vault Launch
Solana Price Drops 3% Despite Samsung USDC Partnership
Litecoin Marks 15 Years as Grayscale Backs LTC ETF Push
XRP Ledger Activates New Security Feature for Banks and Stablecoins
Jameson Lopp Downplays AI Threat to Bitcoin Cryptography
DogecoinVM Makes DOGE Transactions 300x Faster
Cardano Hits Record 436 TPS as Network Scaling Advances
Bitcoin Rebounds to $82K as Trump Eases Iran War Fears
Robinhood Buys $25 Million in Bitcoin for Corporate Treasury
Ethereum Price Drops Below $2,600 as Long Liquidations Hit 4-Month High
U.S. Government Moves Over $100M in Bitcoin and BNB
Kazakhstan and Tether Explore Tenge Stablecoin and RWA Tokenization
Bitmine to Stop Ethereum Buying After Reaching 5% ETH Supply




