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IMF data shows that the US dollar still dominates global forex reserves, accounting for 54%.
[Bitpush] According to reports, claims regarding the end of the US dollar's status as a global reserve currency may not be accurate. The International Monetary Fund (IMF) data for the first quarter shows that the total global forex reserves increased by $168 billion, of which 54% is in US dollars.
The global forex research director of a certain bank stated that during previous periods of pressure, reserve managers seemed to intentionally increase their holdings of the dollar to prevent a larger appreciation of their local currency. Reserve managers may buy when the dollar is relatively cheap, while also anticipating future turbulence in the asset markets, believing it is necessary to accumulate dollar reserves in advance.