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China FX reserves to stay stable as cross-border capital flows become more balanced

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BEIJING, July 7 (Reuters) - China foreign exchange reserves will remain stable as cross-border capital flows become more balanced, the country's foreign exchange regulator said on Friday.

The appreciation of non-dollar currencies against the dollar helped boost foreign exchange reserves in June, the State Administration of Foreign Exchange (SAFE) said in a statement after China released reserves data.

China's foreign exchange reserves rose modestly in June to $3.057 trillion for a fifth straight month, although by slightly less than market expectations, central bank data showed. (Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez)