UJPY - U.S. Dollar's Status As Dominant 'Global Reserve Currency' Drops To 25-Year Low

• Since 2014, the dollar's share has dropped by 7 full percentage points, from 66% to 59%, on average 1 percentage point per year.
• The US dollar's status as the dominant global reserve currency is a crucial enabler for the US government to keep ballooning its public debt, and for Corporate America's relentless efforts to create the vast trade deficits by offshoring production to cheap countries, most prominently China and Mexico.
• Despite Brexit and all the scary hoopla around it, the pound sterling (GBP), the fourth largest reserve currency, has not given up any share.

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