HomeTop Global NewsChina Forex Reserves Rise in April

China Forex Reserves Rise in April

Official data on Sunday showed that China’s foreign exchange reserves rose in April, beating analysts’ forecasts. The nation’s forex reserves increased by $21 billion to $3.205 trillion last month.

The country with the world’s largest foreign exchange reserves, China’s reserve levels beat analysts’ expectations of $3.192 trillion as determined in a Reuters poll of economic analysts.

China’s rise in foreign exchange reserves comes after the U.S. dollar weakened against other major global currencies. While the Chinese yuan fell against the U.S. dollar by 0.63%, the dollar weakened by 0.94%.

In addition to its foreign exchange reserves, China’s gold levels also rose in April, from 66.50 million ounces to 66.76 million fine troy ounces of gold. The value of China’s gold reserves rose from $131.65 billion at the end of March to $132.35 billion.

Chipotle Misses on Revenue and Same-Store Sales, Stock Slides

Fast casual restaurant chain Chipotle reported weaker-than-expected earnings for the first quarter of 2025. The company's revenue and same-store sales missed the estimates of...

Tesla Delays the Launch of U.S.-Made Affordable EV

Electric vehicle maker Tesla is delaying the launch of its U.S.-made affordable car for at least several months according to a newest report by...

Netflix’s Resilience Praised by Wall Street Analysts After Strong Q1 Earnings

Streaming giant Netflix continues to be championed by Wall Street analysts, who view the company as “resilient” in a tough economic environment after strong...