US dollar share of FX reserves steady, euro share falls-IMF

Mon Dec 31, 2012 4:28pm EST

NEW YORK, Dec 31 (Reuters) - The U.S. dollar's share of
known global reserves held by central banks remained steady as
of the third quarter of this year, International Monetary Fund
data showed on Monday.
    The greenback's share of the roughly $6.0 trillion of known
reserves was 61.8 percent, unchanged from the previous quarter.
 
    The euro's share, however, slipped to 24.1 percent from the
previous quarter's nearly 25 percent share.
    "The U.S. dollar remains the reserve currency of choice,"
said Camilla Sutton, chief currency strategist, at Scotia
Capital in Toronto.
    Meanwhile, the allocation to the euro has been declining in
both percentage and dollar terms. At its peak, the euro
accounted for about 28 percent of allocated reserves.
    Total global reserves rose to a new record of $10.8
trillion, or a 6 percent year-on-year increase, data showed.