Friday, September 28, 2012

Reuters: US Dollar Report: UPDATE 2-US dollar share of global reserves dips in Q2 - IMF

Reuters: US Dollar Report
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
UPDATE 2-US dollar share of global reserves dips in Q2 - IMF
Sep 28th 2012, 17:12

Fri Sep 28, 2012 1:12pm EDT

* U.S. dollar still "reserve currency of choice"

NEW YORK, Sept 28 (Reuters) - The U.S. dollar's share of known global reserves held by central banks slipped in the year's second quarter, International Monetary Fund data showed on Friday.

The greenback's share of the roughly $5.8 trillion of known reserves was 61.9 percent in the second quarter compared with 62.1 percent during the first three months of the year.

Despite the dollar's declining share, the report was positive for the dollar, which remains the "reserve currency of choice," said Camilla Sutton, chief currency strategist at Scotiabank in Toronto.

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

0 comments:

Post a Comment

 
Great HTML Templates from easytemplates.com.