China forex reserves rise to $3.246 trln in March

China’s foreign exchange reserves rose in March, official data showed on Sunday, even as the U.S. dollar climbed against other major currencies.

The country’s foreign exchange reserves – the world’s largest – rose by $19.8 billion to $3.246 trillion last month, compared with $3.21 trillion tipped by a Reuters poll of analysts and $3.226 trillion in February.

The yuan fell 0.47% against the dollar in March, while the dollar last month rose 0.31% against a basket of other major currencies.

China held 72.74 million fine troy ounces of gold at the end of March, up from 72.58 million ounces at the end of February.

The value of China’s gold reserves rose to $161.07 billion at the end of March from $148.64 billion at the end of February.
Source: Reuters