Central Banks hold fewer dollars and euros as a reserve currency coins, according to figures provided by the International Monetary Fund. The positions fell during the first quarter despite the appreciating currency against the euro.
The number of the dollar as reserve currency fell between January 1 and March 31 to 61.50 % , compared to 62.20 % during the quarter and 65.20 % before 12 months previously .
The positions in euro also took off , particularly from 27.30 % to 27.20 % , while the other positions in pounds unchanged . The importance of the yen as a reserve currency to be adopted .
Kathy Lien , director of currency research at GFT Forex online currency trader in New York , noted that it was remarkable that although the central banks of euro bought U.S. dollars but not sold .
This means that the appreciation of the dollar against the euro by 5.70 % was the result of the actions of other market participants . Since March 31 , the rate of the euro continued to fall.
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