China is set to release its September foreign exchange reserves data on October 7, with markets watching closely to see if the People’s Bank of China (PBOC) continues its gold-buying streak for an 11th straight month.
In August, reserves rose from the previous month, helped by a weaker US dollar and higher global asset prices. Investors are now focused on whether the central bank will further expand its gold holdings, a trend that has underscored Beijing’s push to diversify reserves away from the dollar.
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I have this data due at 0800 GMT / 0400 US Eastern time. I am unsure on this timing though. I expect it a bit earlier than 0800 GMT.
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Earlier:
