Euro's falling share in global reserves to accentuate weakness

April 2, 2015 3:24 PM

72 0

LONDON, April 2 (Reuters) - The euro's share in global foreign exchange reserves has fallen to its lowest in more than a decade, a trend that is likely to pick up in coming months and hold down the currency's value.

Data from the International Monetary Fund this week showed the euro's reserve share fell to 22.2 percent in the fourth quarter of 2014, from 22.6 percent in the third. The dollar's share rose to 62.9 percent from 62.4 percent.

Read more

To category page