U.S. Dollar Share of Global FX Reserves Slips in Q1 |
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June 30, 2010
(Reuters) - The U.S. dollar's share of global currency reserves eased slightly to 61.5 percent in the first quarter of 2010 as total holdings climbed to a new record, International Monetary Fund data showed on Wednesday.
(Reuters) - The U.S. dollar's share of global currency reserves eased slightly to 61.5 percent in the first quarter of 2010 as total holdings climbed to a new record, International Monetary Fund data showed on Wednesday. The IMF Cofer data, which covers about two-thirds of the world's foreign exchange reserves, estimates that at the end of the first quarter, global reserves stood at $8.3 trillion, up from about $8.2 trillion in the previous quarter. Of the roughly $4.6 trillion of allocated reserves, the dollar's share was at $2.84 trillion, or 61.54 percent.
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