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News Link • Federal Reserve

Morgan Stanley: Central Banks Have Begun Ditching The Dollar Again...

Central banks have resumed their diversification away from the U.S. dollar, cutting the percentage of reserve assets held in dollars, as shown by the dark blue line in the chart below. Thing is, when this happened previously, the euro served as the dollar's replacement. It's not so this time, as shown by the declining light blue 'EUR' line below.

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