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There are signs of de-dollarisation unfolding - JP Morgan

The firm argues that while overall dollar usage is still holding within historical estimates, the usage was more "bifurcated under the hood". While the dollar's share of traded currency volumes is just a little off record highs, at 88%, there are other evident signs of de-dollarisation elsewhere.Of note, the firm notes that the dollar's share as part of global central bank FX reserves has dropped to a record low of 58%. That number is still by far and out the largest in the world but it has been... Read More

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Posted: Jun 5 2023, 11:00

Author Name: forexlive

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