OOPS! Dollar in decline. While Dollar’s share of global reserves initially increased at start of p

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OOPS! Dollar in decline. While Dollar’s share of global reserves initially increased at start of pandemic, it has since decreased & now stands at just 59%—1.5pp decline QoQ & lowest since 1995. Part of decline due to depreciation, but also due to active USD selling. (via Goldman) h/t Holger Zschaepitz

OOPS! Dollar in decline. While Dollar’s share of global reserves initially increased at start of p

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