Loading…
The U.S. dollar's share of global currency reserves fell in the fourth quarter of 2020 to its lowest level since 1995, according to IMF data released March 31. Some analysts said part of the decline reflected valuation effects rather than a shift away from the dollar.
A lower dollar share in reserves signals reduced structural demand for the dollar, which could support dollar-priced commodities over time.
reuters.comGertrude Chavez-DreyfussMar 31, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
