Monday, November 20, 2017

© Reuters. Illustration photo of a U.S. Dollar note© Reuters. Illustration photo of a U.S. Dollar note

NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund fell in the second quarter, while the euro’s and Chinese yuan‘s share of reserves remained steady, data released on Friday showed.

Reserves held in U.S. dollars rose to $5.91 trillion, or roughly 63.8 percent of allocated reserves, in the second quarter, from $5.71 trillion, or 64.6 percent, in the first three months of the year. The share of U.S. dollar reserves has declined for two straight quarters.

China’s share of allocated currency reserves was 0.1 percent in the second quarter, little changed from the previous quarter.

The euro’s share was at nearly 20 percent.

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