Central Banks Favor the Euro in Short Term and the Yuan in Long Term Amid De-Dollarization

Central banks favor the euro in the short term and the yuan long term as they push to de-dollarize reserves Filip De Mott Jun 27, 2023, 1:43 PM EDT Central banks around the world are more interested in the euro, a new survey found. A net 14% of plan to boost their euro holdings in the next two years, the highest level of demand among currencies. The dollar’s share of global reverses will gradually dip, the Official Monetary and Financial Institutions Forum found. While China is aggressively pushing the yuan to erode the dollar’s dominance, global central banks are actually…