Jump to content
Find Professionals    Deals    Get Quotations   Portfolios
Sign in to follow this  
Anzo Lim

USD’s Share of Global Currency Reserves Peaked in Q3, 2019

Recommended Posts

https://www.wikifx.com/cn_en/

According to historical data from 2007 to 2018, USDX usually fares quite well after market reopens in the new year. Data from 2007 to 2016 is universal to a certain extent. As USDX dropped from 97.40 to the current 96.00 on new year’s eve, there’s a demand for adjustment from a technical perspective, so the possibility of a rally in recent days is very high.

 

Also, according to the latest survey of International Monetary Fund(IMF), US dollar’s proportion in global foreign exchange reserve rose to its highest in the year during Q3, 2019, while the proportion of JPY climbed to the highest in 20 years. Foreign exchange reserves in USD reached 6.75 trillion in Q3, 2019, accounting for 61.78% of the global total. This has slightly dropped from the US$6.79 trillion in Q2, but percentage-wise US dollar’s share in the global foreign reserve had increased from 61.49in Q2. USD’s share in global foreign exchange reserve was at its highest since Q3, 2018.

 

USDX daily pivot points 96.13---96.19

 

S1: 95.94                    R1: 96.32

 

S2: 95.78                    R2: 96.54

Edited by Anzo Lim
 

Share this post


Link to post
Share on other sites

Join 46,923 satisfied homeowners who used renotalk quotation service to find interior designers. Get an estimated quotation

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×