China's Feb forex reserves fall to $3.214 trln

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 0.8per cent against the dollar in February, while the dollar rose 0.07per cent 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)


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