Central Banks put 63% of New Money into Euros and Yen
Ouch: Over the last three months, banks put 63 percent of their new cash into euros and yen — not the greenbacks — a nearly complete reversal of the dollar’s onetime dominance for reserves, according to Barclays Capital. The dollar’s share of new cash in the central banks was down to 37 percent — compared … Continue reading Central Banks put 63% of New Money into Euros and Yen
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