Economic Buzz: South Africa reserves slip from three-month high

South Africa?s gross foreign exchange reserves eased to $75.43 billion in September from a three-month high of $75.95 billion in August, largely reflecting lower US dollar gold prices, valuation adjustments and government-related foreign exchange payments. Gold reserves fell to $16.90 billion from $18.00 billion, while SDR holdings edged lower to $6.67 billion. In contrast, foreign exchange reserves rose to $51.87 billion from $51.26 billion, while the central bank?s unsettled forward position increased to $0.587 billion from $0.565 billion.

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