U.S. dollar’s share of global currency reserves slips in third quarter

gata.org / By Jason Lange, Reuters / December 30, 2016

The U.S. dollar’s share of currency reserves reported to the International Monetary Fund slipped in the third quarter of 2016 to its lowest level in two years, data from the IMF showed today.

The July-September period was the third consecutive decline in the dollar’s share of allocated currency reserves, or those reported to the IMF. The decline could reflect increased optimism about the global economy, with the European economy seen on improved footing.

In the third quarter the dollar comprised 63.3 percent of allocated reserves, the smallest share since the third quarter of 2014. The dollar made up 63.8 percent of allocated reserves in the second quarter.

The euro’s share rose to 20.3 percent in the same period from 20.0 percent the quarter before, while the yen’s share increases to 4.5 percent from 4.4 percent. …

… For the remainder of the report:

http://www.reuters.com/article/us-forex-reserves-idUSKBN14J1BV?il=0

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