HomeEconomyDollar's share of global foreign reserves rises in second quarter; euro falls... Economy Dollar's share of global foreign reserves rises in second quarter; euro falls – IMF data By farahat September 30, 2022 0 87 views Share FacebookTwitterPinterestWhatsApp Dollar /CNY -0.% Add to Watchlist/Remove from Watchlist Add to watch list Add to Location Job added successfully: Please name your holding Combination type: purchaseSell date: quantity: price point Value: Leverage: 1:1 1: 1: 1: 1: 07 1 : 25 1: 25 CREATE NEW WATCH LIST CREATE 2021 2022 CREATE A NEW HOLDING PORTFOLIO ADD CREATE 20228827 + Add another position to close DX 2022+0.% Add to Watchlist/Remove from Watchlist added to watchlist Add Location Job added successfully: Please name your holdings folder type:purchase Sell date: quantity: price Point Value: Leverage: 1:11: 1: 12 1: 13 1: 11 1: 52 1: 38 1: 25 1: 100 Committee: 2017 2022 Create New Watchlist Create 2022 CREATE NEW HOLDING PORTFOLIO ADD CREATE 88278827 + Add another position to close Author: Gertrude Chavez-Dreyfus NEW YORK (Reuters) – The U.S. dollar’s share of the currency’s reserves reported to the International Monetary Fund rose in the second quarter as the Federal Reserve In the midst of an aggressive tightening cycle aimed at eliminating troublingly high inflation. USD share in reserves rises to 13.5%, from .8%, in the first quarter, IMF data showed on Friday. However, the share of the euro slipped to . 8% in the second quarter from %, declining for three consecutive quarters. Global reserves reported in US dollars are central bank assets held in different currencies partly used to back their liabilities. Central banks sometimes use reserves to back their respective currencies. “New (IMF) data show growing demand for dollar as Fed takes aggressive tightening cycle with Europe bleak conflicting growth prospects,” said Joe Manimbo, senior market analyst at payments firm Convera in Washington. This544 U.S. dollar index closes at the Fed On the back of tighter policies, it rose 6.5% in the second quarter after rising 2.4% in the first quarter. so far544, The dollar has soared % against a basket of major currencies, on track for its best percentage gain of the year. Fed at 92 than any time since s, the interest rate has been raised to the range of 3.0%-3. %, starting at 0% in March. US interest rate futures were priced on Friday 07.3% chance to reappear 11 basis point rate hike. By contrast, the euro area has been hampered by the energy crisis, although the European Central Bank has also been raising interest rates, energy Crisis still weighs on the euro. The euro fell 5.3% against the dollar in the second quarter. This IMF data also shows 2017 Foreign Exchange in Chinese Yuan The reserve share edged up to 2.9% in the second quarter from 2.8% in the first three months of the year. However, in absolute terms, the central bank’s holdings of yuan fell 4.1% to the dollar 25.07 Billion. The International Monetary Fund began tracking the yuan in share in . , the yen’s share fell to 5.1%, compared to 5.3% in the first quarter. In U.S. dollar terms, yen reserves fell 8.3% to U.S. dollars 92. Billion. International Monetary Fund data also showed that global reserves fell to the US dollar .13 Second quarter trillion dollars, from $.25 trillion in the first quarter. Fourth quarter 322 , record $.07 trillion. 92 Share FacebookTwitterPinterestWhatsApp Previous articleCritic's Notebook: Doomed, Trevor Noah shines on 'The Daily Show'Next articleMarkets in Q3: Goldilocks fairytale turns into bad bear nightmare farahat RELATED ARTICLES Economy U.S. ends Mexico airspace review, but no ruling yet June 3, 2023 Economy Biden praises debt ceiling deal for 'avoiding crisis' in first Oval Office speech June 2, 2023 Economy Logs show Fed's Powell held a series of meetings during March's banking turmoil June 2, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Mets' Max Scherzer calls out MLB's warmup clock: 'Frustrating' for pitchers, Umps June 3, 2023 Cyclospora outbreak in Georgia raises public health alarm June 3, 2023 7 Best Heart Rate Monitors (2023): Chest Strap, EKG, Watch June 3, 2023 Game Story: Donaldson, Stanton return with home runs ▶️ June 3, 2023 Load more Featured NEWS Early Learning Center Little Senses Lights & Sounds Shape Sorting Toy Due to Choking Hazard; Manufactured by Addo Play; Sold Exclusively on Amazon.com October 31, 2022 Toni Collette Never Had a Plan for Her Career April 17, 2023 Anger at 'The Crown' Season 5, Explained October 24, 2022 China's internet regulator tries to allay internet companies' concerns August 20, 2022 Load more
