For one reason:
The share of US dollar in global foreign exchange reserves has risen from 60.7 percent in the second quarter of 2014 to 62.3 percent in the third quarter, marking the highest level in three years, according to data from the International Monetary Fund.
Meanwhile, the ratio of euro has dropped from 24.1 percent to 22.6 percent in the period, the lowest level in almost a decade.
The figures suggest that central banks around the world are adjusting their basket of foreign exchange reserve currencies by taking into account the future strength of various currencies.
Complete turnover you think?
The share of US dollar in global foreign exchange reserves has risen from 60.7 percent in the second quarter of 2014 to 62.3 percent in the third quarter, marking the highest level in three years, according to data from the International Monetary Fund.
Meanwhile, the ratio of euro has dropped from 24.1 percent to 22.6 percent in the period, the lowest level in almost a decade.
The figures suggest that central banks around the world are adjusting their basket of foreign exchange reserve currencies by taking into account the future strength of various currencies.
Complete turnover you think?
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