China April FX reserves rise to $3.198 trln | Reuters

China’s foreign exchange reserves increased in April from a month earlier, official data showed on Friday, as the dollar broadly weakened during the month.

The country’s foreign exchange reserves, the world’s largest, rose by $28.15 billion to $3.198 trillion last month, compared with $3.2 trillion expected by a Reuters poll of analysts and $3.17 trillion in March.

The yuan gained 1.2% against the dollar in April, while the dollar fell 2.1% against a basket of other major currencies. (Reporting by Kevin Yao; writing by Se Young Lee; Editing by Toby Chopra)

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