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U.S. dollar share of global FX reserves in fourth quarter 2020 hits lowest since 1995: IMF
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund tumbled to its lowest in 25 years in the fourth quarter of last year, IMF data showed on Wednesday. The greenback’s share slid to 59% in the fourth, from 60.5% in the third, declining for three straight quarters. Its share in 1995 was 58%. The dollar though still has the largest share of currency reserves held by global central banks. It posted a high of nearly 73% share in 2001, data showed. “For the most part, Wall Street and the rest of the world are convinced that we’re bound to see a weaker dollar. If you take a look ... (full story)