IMF: The Dollar's Share Of Global Foreign Exchange Reserves Has Fallen Further

- Jul 02, 2018 -

Sina stocks - morning Beijing time 2, according to Reuters, the international monetary fund (IMF) according to the latest data, in the first quarter of this year the dollar in the share of global foreign exchange reserves fall further, a new low for four years.The share of the euro, yuan and pound all rose.


$this is the share of global foreign exchange reserves for the fifth consecutive quarter of decline, the reason is that investors expect outside the United States will speed up economic growth, and bet on other major central Banks will be considering cutting stimulus measures.Still, the dollar is the world's largest reserve currency.


However, the dollar strengthened into the second quarter on fears of a global trade war, while the European central bank indicated it would not raise interest rates until the second half of 2019.


The IMF, according to data from the first quarter of this year, the dollar reserves from $6.282 trillion to $6.499 trillion in the fourth quarter last year, but share fell to 62.48% from 62.72% in the fourth quarter, its lowest level since the fourth quarter of 2013.


As the second to the dollar's reserve currency, the euro in the share of global foreign exchange reserves rose to 20.39%, from 20.15% in the fourth quarter of record since the fourth quarter of 2014, but still well below the peak of 28% in 2009.


The renminbi's share of global foreign exchange reserves rose for a third consecutive quarter to 1.39 per cent.Sterling's share rose to 4.68 per cent, the highest since the fourth quarter of 2015.


The yen's share of global reserves fell to 4.81 per cent from 4.89 per cent in the fourth quarter of last year, the highest since the fourth quarter of 2002.


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