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U.S. dollar's share of global currency reserves keeps falling
By Richard Leong
Sunday, July 1, 2018
The U.S. dollar's share of currency reserves reported to the International Monetary Fund fell in first quarter of 2018 to a fresh four-year low, while euro, yuan, and sterling's shares of reserves increased, according to the latest data from the International Monetary Fund.
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The share of dollar reserves shrank for five consecutive quarters as the greenback weakened in the first three months of 2018 on expectations of faster growth outside the United States and bets that other major central banks would consider reducing stimulus. Still the dollar has remained the biggest reserve currency by far. ...
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