China currency reserves increase, show bets on yuan

Bets on yuan appreciation are up. (SUPPLIED)

China's foreign-exchange reserves rose by the most in four months in March, suggesting a renewed appetite from overseas investors for bets on yuan appreciation. Holdings jumped $22.5 billion (Dh82.6bn) last month, after gaining $9.4bn in February and $16bn in January, data posted on the China's central bank's website yesterday showed.


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