5 February
Dollar loses ground to euro in global currency reserves — IMF
According to International Monetary Fund (IMF) data, the US dollar's share of global foreign exchange reserves fell to 57.7% in Q1 2025, a decline contrasted by euro-denominated reserves gaining traction.
The dollar's share dropped nearly 4% this quarter, a shift Reuters attributes to policy changes under President Donald Trump's administration. These measures, particularly in trade and economic policy, eroded market confidence in the world's primary reserve currency.
The trend accelerated in Q2 2025, with the greenback declining over 7% following April's announcement of higher US import tariffs.
This has fueled debate about the dollar's dominance as the global reserve currency, with experts observing clear de-dollarization signals. However, Reuters notes such transitions historically progress slowly.
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