Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

China forex reserves rise to $3.18 trln in March

Published 04/07/2023, 04:24 AM
Updated 04/07/2023, 04:25 AM
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration

BEIJING (Reuters) - China's foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies.

The country's foreign exchange reserves - the world's largest - rose $51 billion to $3.184 trillion last month, compared with $3.149 trillion tipped by a Reuters poll of analysts and up from $3.133 trillion in February.

The yuan rose 0.86% against the dollar in March, while the dollar fell 2.3% against a basket of other major currencies.

© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration

China held 66.50 million fine troy ounces of gold at the end of March, up from 65.92 million at end-February.

The value of China's gold reserves rose to $131.65 billion at the end of March from $120.28 billion at end-February.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.