Central Banks’ Euro Reserve Holdings Drop to Lowest Since 2002
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Euro reserves accumulated by global central banks dropped in the first quarter to the lowest since 2002 as the currency’s value plummeted amid bond-buying by the European Central Bank.
The euro’s share of disclosed currency holdings fell to 20.7 percent in the three months through March from 22.1 percent in the previous period, the fifth straight quarterly decline, according to International Monetary Fund data.