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China's currency reserves could break $3tn floor

SHANGHAI -- Chinese foreign-currency reserves threaten to dip below $3 trillion, keeping observers on edge for any hint of renewed yuan market turbulence.

     The People's Bank of China reports on the nation's reserves as of the end of March on Wednesday or Thursday. The balance stood at $3.2 trillion at the end of February, down $28.6 billion from January and around $600 billion from a year earlier. Spending has likely slowed over the past month. But the psychologically important barrier draws ever nearer.

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