US dollar share of FX reserves steady, euro share falls-IMF
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.
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Canada PM vows crackdown after capital shocked by fatal attacks |
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria: monitor