BEIJING – China’s foreign exchange reserves unexpectedly fell in February, official data showed on Monday.
The country’s foreign exchange reserves – the world’s largest – fell $7.8 billion last month to $3.214 trillion, compared with $3.225 trillion tipped a Reuters poll of analysts and $3.222 trillion in January.
The yuan rose 0.8% against the dollar in February, while the dollar rose 0.07% in February against a basket of other major currencies.
China held 62.64 million fine troy ounces of gold at the end of February, unchanged from the end-January.
The value of China’s gold reserves rose to $119.64 billion at the end of February from $112.46 billion at the end-January.
(Reporting by Judy Hua and Kevin Yao; Editing by Toby Chopra)
