New Markets
Tuesday, 6/30, 10:43 AM
For the First Time, More Central Banks Plan to Shrink Their Dollar Holdings
- For the first time on record, more of the world's central banks plan to cut their US dollar holdings than add to them over the coming decade, a major survey of reserve managers finds.
- The dollar isn't being abandoned — but its near-total grip on global reserves is loosening, with gold the big winner.