USD down to 63% of foreign exchange reserves

FT on Euro vs USD, june 30 2008:

Analysts at Goldman Sachs advised their clients to keep betting on a strengthening euro...

Data from the International Monetary Fund on Monday showed the proportion of foreign exchange reserves kept in dollars fell in the first quarter to a record low of 63 per cent of total allocated reserves, from 64.02 per cent in the previous quarter.

Mr Stannard said: "That has been a big structural factor underpinning the dollar's decline but there are signs that process is going to slow down now."

bloomberg on USD, jun 30 2008:

The dollar accounted for 63 percent of the reserves held by governments and central banks at the end of the first quarter, compared with 64 percent at the end of December, the International Monetary Fund said in Washington.