The U.S. dollar's dominant position is unshakable in the short term.

A highly representative set of data from the '2026 Global Public Investors Report' published by the Official Monetary and Financial Institutions Forum (OMFIF) shows that none of the central banks surveyed plan to reduce their foreign exchange reserves in the coming years. This confirms a prevailing trend: central banks around the world generally favor increasing both foreign exchange and gold reserves. Even though many countries’ reserve levels have long exceeded the traditional adequacy benchmarks established by the International Monetary Fund (IMF), they remain eager to continue accumulating reserves. Decades of successive crises have driven nations toward this choice; however, it is now necessary to initiate a discussion on how central banks should manage their massive reserve holdings.

FX678 FinanceJul 16 00:23