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Sovereign Wealth Funds Briefing - Categorized | Performance, Reserve Currencies

Asian reserves jump in July

Posted on 11 August 2010

From WSJ: Asia’s foreign exchange hit a record high in July as the region’s fast-growing economies kept attracting strong inflows amid sluggish growth in the developed world, burnishing the role of Asian central banks as key players in the currency market.
Reserves held by 11 key Asian central banks, excluding China’s, amounted to $2.861 trillion at the end of July, up 2% from $2.803 trillion at the end of June and topping the previous high hit in April, according to calculations by Dow Jones Newswires……………………………………….Full Article: Source

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