China's forex reserves fall for third straight month in July

China's foreign exchange reserves fell to 3.6513 trillion U.S. dollars at the end of July, the country's central bank announced Friday.

The country's foreign exchange reserves decreased by a total of 42.5 billion U.S. dollars in July, marking the third consecutive month of falling forex reserves, according to the People's Bank of China.

Meanwhile, the country's gold reserves also fell from 62.397 billion U.S. dollars at the end of June to 59.238 billion U.S. dollars at the end of July.

China's forex reserves fell by 40 billion U.S. dollars in the second quarter of 2015, marking a seven-quarter low and a four-quarter consecutive drop.