{"id":3009,"date":"2023-06-05T22:25:02","date_gmt":"2023-06-05T20:25:02","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3009"},"modified":"2023-06-05T22:25:02","modified_gmt":"2023-06-05T20:25:02","slug":"signs-of-de-dollarisation-emerging","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3009","title":{"rendered":"Signs of de-dollarisation emerging"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">JPMorgan&#8217;s strategists Meera Chandan and Octavia Popescu at the Wall Street bank laid out that while overall dollar usage remains within its historical range, its usage was more &#8220;bifurcated under the hood&#8221;.<\/p>\n<p>The dollar&#8217;s share of traded currency volumes is just shy of record highs, at 88%, while the euro&#8217;s share has shrunk by 8 percentage points in the last decade to a record low of 31%. The share of the Chinese yuan, meanwhile, has risen to a record high of 7%.<\/p>\n<p>&#8220;De-dollarisation is evident in FX reserves where (the dollar&#8217;s) share has declined to a record as share in exports declined, but is still emerging in commodities,&#8221; the strategists said.<\/p>\n<p>JPMorgan&#8217;s note on Monday estimated for global exports, the U.S. share is now down to a record low 9%, whereas China was at a record high of 13%.<\/p>\n<p>In global central bank FX reserves too, the dollar&#8217;s share is down to a record low of 58%, albeit a level that is still by far the largest globally.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan&#8217;s strategists Meera Chandan and Octavia Popescu at the Wall Street bank laid out that while overall dollar usage remains within its historical range, its usage was more &#8220;bifurcated under the hood&#8221;. The dollar&#8217;s share of traded currency volumes is just shy of record highs, at 88%, while the euro&#8217;s share has shrunk by 8 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3009"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3010"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}