China’s forex reserves increased to $3.205 trillion in April.

China’s Foreign Exchange Reserves Rise More Than Expected in April

China’s foreign exchange reserves, the largest in the world, rose by $21 billion to $3.205 trillion in April, beating the $3.192 trillion forecasted by analysts in a Reuters poll. The increase was attributed to the dollar’s decline against other major currencies. The yuan fell 0.63% against the dollar in April, while the dollar fell 0.94% against a basket of other major currencies. China’s gold reserves also rose to 66.76 million fine troy ounces at the end of April, with a value of $132.35 billion.

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