Overview: Equities have begun New Year like, well, last year, with most Asia Pacific markets advancing, led by more than 1% gains in China, Hong Kong, and Thailand. Only South Korea and Indonesian markets fell. In Europe, the Dow Jones Stoxx 600 is up almost 1% in late morning turnover. US shares are trading higher …
/div> Economists and analysts scrutinize the data to see if they can detect shifts in preferences. Hardly a quarter can pass without someone proclaiming the dollar’s demise is at hand. What sometimes gets lost in translation is that the reserve holdings are converted to dollars, which ironically illustrates the greenback preeminence. After all, the reserves could …
The IMF offers the most authoritative report on central bank reserves on a quarterly basis with a quarter lag. The report, the Currency Composition of Official Foreign Exchange Reserves (COFER), covering Q318 has been released. It may be have been overlooked during the holidays, but if and when the pundits see it, the leading takeaway …
A Word on Q3 COFER–It Might not be What You Think Read More »
The IMF reports the most authoritative currency allocation of global reserves at the end of every quarter with a quarter delay. Invariably, an economist, strategist, or journalist is inspired to write why some data nugget confirms the demise of the dollar as the dominant currency. Given the unorthodox US President, his criticism of Fed policy, …
According to EPFR, investors were net sellers of European equity funds in the week ending July 5 for the first time since March. This appears to have ended the longest buying streak in a couple of years. Rising yields and valuations were thought to have injected a note of caution as well as some re-weighting …
The inclusion of the Chinese yuan in the SDR basket at the start of Q4 16 did not appear to prompt central banks to include it in their reserves. The latest IMF COFER report showed that as of the end of 2016, the dollar value of the yuan in held in reserves was $84.5 bln, which is in …
Inclusion in SDR Does Not Spur Official Demand for the Yuan Read More »
The IMF provides the most authoritative data on central bank reserves. The composition is published at the end of the quarter for the preceding quarter. At the end of last week, its COFER report was published with data through the end of June 2016. This Great Graphic from the IMF provides 2.5 years of the …
IMF’s Reserve Data: Dollar Share Little Changed, Yen Share Jumps, Helped By Valuation Read More »