The German central bank regularly reviews the composition of its currency reserves "by weighing risks and benefits", Wuermeling said. "In addition to dollars and yen, (the bank) has invested in Australian dollars since 2013 and seeks to invest in other currencies." The move comes after the European Central Bank in June converted 500 million euros' worth of its dollar reserves into yuan. The Bundesbank's currency reserves totalled some 170 billion euros ($210 billion) in November. It strengthened to 6.4138 against the dollar on Monday, its highest level since December 2015, according to China's Foreign Exchange Trade System, but weakened slightly to 6.4319 on Tuesday.

Source: The Nation Bangkok January 16, 2018 05:03 UTC