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Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops
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Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

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Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops
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Source: Bitcoin.com

Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings DropsA report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode the euro’s share of foreign exchange reserves. Euro’s Decline Coincides with US […]

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Author: Terence Zimwara

Related posts:

  1. EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020
  2. FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues
  3. Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’
  4. Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
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