UEUR - U.S. Dollar Share Of Global Foreign Exchange Reserves Drops To 25-Year Low

• The share of US dollar reserves held by central banks fell to 59% - its lowest level in 25 years - during the fourth quarter of 2020, according to the IMF's COFER survey.
• Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of competition from other currencies used by central banks for international transactions.
• Some expect that the US dollar's share of global reserves will continue to fall as emerging market and developing economy central banks seek further diversification of the currency composition of their reserves.

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