China's Foreign Exchange Reserves Rose in March

China's foreign exchange reserves rose in March, though by less than market expectations, as a weakening U.S. dollar boosted the value of non-dollar assets.

The country's foreign-exchange reserves rose $13.44 billion to $3.241 trillion at the end of March, the People's Bank of China said.

A Wall Street Journal poll of economists had expected reserves to rise to $3.252 trillion last month.

China's gold reserves rose to 73.7 million fine troy ounces at the end of March, up from 73.61 million at the end of the month before, as the central bank extended its buying streak for a fifth consecutive month.

The value of the China's gold reserves climbed to $229.6 billion in March, up from $208.64 billion in February, official data showed.

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