Dow Jones Stock Market Today – China’s Forex Reserves Rose in April
BEIJING–China’s foreign-exchange reserves rose as expected in April, thanks to a larger trade surplus and likely capital inflows attracted by the country’s bond and stock markets.
The People’s Bank of China said Friday that the nation’s hoard of foreign-exchange reserves stood at $3.198 trillion at the end of April, up from $3.17 trillion at the end of March.
The result was in line with reserves of $3.2 trillion expected by economists polled earlier by The Wall Street Journal.
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(END) Dow Jones Newswires
May 07, 2021 04:36 ET (08:36 GMT)
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