China’s forex reserves fall more than expected in March

BEIJING: China’s foreign exchange reserves fell more than expected in March, central bank data showed on Tuesday, as the dollar gained strength.

The country’s foreign exchange reserves, the world’s largest, stood at $3.342 trillion last month, below the estimated $3.398 trillion in a Reuters poll. The reserves totalled $3.428 trillion in February.

China’s forex reserves rise in February as dollar gains

The yuan fell 0.37% against the dollar last month, while the dollar strengthened 2.27% against a basket of major currencies.