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US Dollar’s Share in Central-Bank Reserves Declines, IMF Data Shows
The dollar’s share in global central-bank reserves dropped in the three months to the end of September, while holdings of the Japanese yen rose, International Monetary Fund data showed Friday. The greenback accounted for 59.2% of globally allocated foreign-exchange reserves in the third quarter, down from a revised 59.4% in the previous three months, according to IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) data. That’s the lowest since the fourth quarter of last year. The euro’s share in reserves also fell slightly to 19.6% from 19.7%, while the participation of the Japanese yen ... (full story)
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- Posted: Dec 22, 2023 2:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,048
