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China's forex reserves fall more than expected in March

BY Reuters | ECONOMIC | 04/07/26 04:07 AM EDT

BEIJING, April 7 (Reuters) - China's foreign exchange reserves fell more than expected in March, central bank data showed on Tuesday, as the dollar gained strength.

The country's foreign exchange reserves, the world's largest, stood at $3.342 trillion last month, below the estimated $3.398 trillion in a Reuters poll. The reserves totalled $3.428 trillion in February.

The yuan fell 0.37% against the dollar last month, while the dollar strengthened 2.27% against a basket of major currencies.

(Reporting by Qiaoyi Li and Ryan Woo; Editing by Sharon Singleton)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

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