According to the report from the People's Bank of China (PBoC), China's foreign exchange reserves (the world's largest) rose slightly in February, and reached a 2-month high, despite the strengthening of the US currency.
The PBoC said foreign exchange reserves increased to $3.226 trillion from $3.219 trillion in January. Economists had expected a decline to $3.205 trillion.
The US dollar index rose by 0.85% in February, while the yuan fell by 0.25% against the US currency.
The data also showed that China held 72.58 million fine troy ounces of gold (+0.33 million ounces compared to January). Meanwhile, the value of gold reserves increased by $0.41 billion to $148.64 billion.