China forex reserves up on dollar weakness

  • Forex
  • Monday, 9 Apr 2018

BEIJING: China’s foreign exchange (forex) reserves rose slightly in March as broad US dollar weakness continued and escalating trade tensions between the world’s two largest economies bolstered expectations of a firmer Chinese currency.

Reserves rose US$9bil in March to US$3.143 trillion, compared with a drop of US$27bil in February, central bank data showed.

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