Connect with us

Hi, what are you looking for?

Investing Ideas

China’s March forex reserves fall to $3.17 trillion

Forex41 minutes ago (Apr 07, 2021 04:30AM ET)

(C) Reuters. Chinese Yuan banknotes are seen in this illustration

BEIJING – China’s foreign exchange reserves fell more than expected in March, official data showed on Wednesday, as the dollar posted a gain against a basket of major currencies.

The country’s foreign exchange reserves – the world’s largest – fell $34.97 billion to $3.17 trillion last month, compared with the $3.19 trillion expected by a Reuters poll of analysts and $3.205 trillion in February.

Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.

The yuan fell 1.28% against the dollar in March, while the dollar rose 2.52% in March against a basket of other major currencies.

China held 62.64 million fine troy ounces of gold at the end of March, unchanged from the end-February.

The value of China’s gold reserves fell to $105.93 billion at the end of March from $109.18 billion at the end-February.

China’s March forex reserves fall to $3.17 trillion

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.


Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.


Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.


At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores.

Disclaimer: it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved