SHANGHAI, April 28 (Reuters) - Short foreign currency positions in forwards and futures versus the yuan held by China’s central bank fell in March, the central bank said on Friday.
The People’s Bank of China held $12.094 billion of such positions with commercial banks as of the end of March, compared with $33.8 billion a month earlier, official data showed.
The figure stood at $45.3 billion at the end of January.
Friday’s data also showed that $550 million of short foreign currency positions were due to mature in up to one month.
China started to report the data early last year, following speculation that the central bank was using currency swaps and other derivatives to intervene in offshore forex markets to prop up its currency. (Reporting by Beijing Monitoring Desk; Editing by Sam Holmes)