Fed analysis shows dollar still dominant in most central bank reserves
Federal Reserve researchers say the U.S. dollar remains the leading reserve currency for central banks, with only Russia and China showing notable shifts.
A study by Fed analysts indicates that despite some diversification, the dollar continues to hold the top spot in global foreign-exchange reserves. Only the central banks of Russia and China have moved away from the dollar in recent years. The euro remains the second-most held currency among the surveyed institutions. These findings challenge narratives that the dollar is rapidly losing its reserve status.
Why it matters
The dollar's continued dominance influences global trade, investment flows, and monetary policy worldwide.
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