NEW YORK: The US dollar's share of currency reserves reported to the International Monetary Fund fell in the fourth quarter, slipping for the third straight quarter, while the euro's share of reserves grew to the largest in four years, data released on Friday showed.
Reserves held in US dollars fell to $6.62 trillion, or 61.69 percent of allocated reserves, in the fourth quarter, from $6.63 trillion, or 61.94 percent, in the third quarter.
The euro's share of global allocated currency reserves rose to 20.69 pct in the fourth quarter of 2018 to the largest since the fourth quarter of 2014.
The Chinese yuan's share of allocated reserves rose to 1.89 percent, the highest since the IMF began reporting its share of central bank holdings in the fourth quarter of 2016.
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