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UPDATE 1-China FX reserves fall almost $100 bln to lowest since May 2012

BEIJING, Feb 7- China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. China's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed, but higher than the median forecast of $3.20...
Source: Reuters
China FX reserves fall $99.5 bln in Jan

BEIJING, Feb 7- China's foreign exchange reserves, the world's largest, fell by $99.5 billion in January, the central bank said in a statement on Sunday. China's gold reserves rose to $63.57 billion at the end of January, from $60.19 billion at the end of 2015, the People's Bank of China said on its website. China's International Monetary Fund reserve position was at...
Source: Reuters
RPT-CORRECTED-China not going back to "old road" of capital controls -fx regulator

BEIJING, Feb 5- China will continue to crack down on illegal foreign exchange activities but won't revert back to the "old road" of capital controls, the country's top foreign exchange regulator said. The remarks were made by Pan Gongsheng, head of the State Administration of Foreign Exchange, during separate meetings with Andrew Rashbass, CEO of Euromoney...
Source: Reuters
Nasdaq sheds 3% amid massive tech sell-off

Stocks close sharply lower amid a massive drop in technology stocks and concerns the Fed may raise rates this year.
Source: CNBC.com | By: Fred Imbert
Russia c.bank says plans higher risk coefficients for fx lending, investments

MOSCOW, Feb 5- Russia's central bank said on Friday it planned to introduce higher risk coefficients for foreign-currency loans and investments in debt instruments denominated in hard currency. In particular, the bank said it planned to raise to 1.1 the risk coefficient for forex loans to companies issued after April 1 this year as well as for investments in...
Source: Reuters
EXCLUSIVE-Iran wants euro payment for new and outstanding oil sales -source

*Iran billing new oil contracts in euros- NIOC source. NEW DELHI, Feb 5- Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co told...
Source: Reuters
China not going back to "old road" of capital controls - fx regulator

BEIJING, Feb 5- China will continue to crack down on illegal foreign exchange activities but won't revert back to "old road" of capital controls, an official of the country's foreign exchange regulator said. The remarks were made by Pan Gongsheng, head of the State Administration of Foreign Exchange, at a meeting with Andrew Rashbass, CEO of Euromoney...
Source: Reuters
POLL-Chinese yuan to fall further but no big devaluation

"Our base case scenario is for a gradual and controlled depreciation in the yuan by end-2016," said Jason Daw, head of Asian FX strategy at Societe Generale. The yuan, also known as the renminbi, has lost over 1 percent so far this year and is down almost 6 percent since early August, when the People's Bank of China devalued it. While no one can predict with any real...
Source: Reuters | By: Sumanta Dey
This is China's next market hurdle

China has recently struggled to shore up the yuan amid hefty capital outflows. Reserves data over the weekend may offer a glimpse of the severity of the challenge.
Source: CNBC.com | By: Leslie Shaffer
'China Jan FX reserves data won't be positive'  

Investors are still adjusting to China's recent currency reform, says Steve Brice from Standard Chartered Wealth Management Group.
Source: CNBC.com