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This is about market share in central bank foreign reserves, but a lot of context is missing. Which central bank reserves changed? It wouldn’t be surprising if
by skybrian 4y ago
This is about market share in central bank foreign reserves, but a lot of context is missing. Which central bank reserves changed?
It wouldn’t be surprising if this were mostly China.
- safog 4y agoThere was also a lot of propping up of currencies that happened due to dollar strength. A lot of central banks sold UST they held for their local currency to stop currency free fall as rates rose. This is a symptom of rates rising really quickly in the US than any de-dollarization I'd wager.