August 31, 2017 / 8:43 AM / in 10 months

China FX derivatives' short position unchanged at $6.04 bln at end-July

SHANGHAI, Aug 31 (Reuters) - China’s central bank said on Thursday that its holdings of short foreign currency positions in forwards and futures versus the yuan were unchanged for a second month in a row in July.

The People’s Bank of China held $6.04 billion of such positions with commercial banks as of the end of June, steady from one month earlier, official data showed.

China started to report the data early last year, following speculation the central bank was using currency swaps and other derivatives to intervene in offshore forex markets to prop up the yuan.

In July, the yuan strengthened 0.78 percent against the U.S. dollar. (Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)

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