BEIJING, May 7 (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)
