China’s foreign exchange reserves rise to $3.205 trillion in April
BEIJING, May 7 (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.
The country̵[ads1]7;s foreign reserves – the world’s largest – rose by $21 billion to $3.205 trillion last month, compared with $3.192 trillion tipped by a Reuters poll of analysts and $3.184 trillion in March.
The yuan fell 0.63% against the dollar in April, while last month the dollar fell 0.94% against a basket of other major currencies.
China held 66.76 million fine troy ounces of gold at the end of April, up from 66.50 million ounces at the end of March.
The value of China’s gold reserves rose to $132.35 billion at the end of April from $131.65 billion at the end of March.
Reporting by Albee Zhang and Laurie Chen; Editing by Muralikumar Anantharaman
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