rss

US dollar share of currency reserves falls to lowest since 2013

Dollar still overwhelms the field

Dollar still overwhelms the field
The US dollar share of global currency reserves fell to 61.63% of the total in Q2, according to the IMF. That’s down from 61.86% in Q1 and is the lowest since 61.27% in Q4 of 2013.
In terms of the total value, there was no selling of US dollars. They totaled $6.79 trillion compared to $6.74 trillion in Q1. Instead, it was the growth in reserves of other currencies that tilted the balance.
In particular, yen reserves grew to 5.41% of the total, which is the most since 2001. Chinese yuan reserves also hit 1.97% from 1.95% while the euro rose to 20.35% from 20.23%.