Central Banks Show Growing Tendency to Reduce Dollar Holdings: Survey

According to an international survey, for the first time, the tendency among central banks to reduce dollar reserves has surpassed the tendency to increase them. The survey reflects growing concerns among global reserve managers about the future role of the dollar. Fifty-six percent of central banks surveyed stated they plan to reduce their dollar holdings over the next one to two years, up from 18% in the previous year. Meanwhile, the share of those planning to increase dollar holdings fell to 12%. Central banks cite the rising U.S. debt burden, geopolitical risks, and the emergence of alternative currencies as reasons for the dollar's declining appeal as a reserve currency. A notable shift toward currencies such as the Chinese yuan and the euro is observed. The survey, conducted with the participation of 73 central banks representing a total of $5 trillion in reserves, suggests that the dollar's share in global reserves could decline in the long term. This is not investment advice.

📊 DXY — Piyasa Yorumu

▼ down · 60%

The news headline indicates that central banks are showing a tendency to reduce their dollar assets. This could decrease demand for the dollar, putting downward pressure on the DXY. Technical indicators are giving mixed signals: the RSI is neutral at 57.7, the MACD is positive but weak, and the price is just above the 20- and 50-day moving averages. In the short term, the news impact may dominate the technical outlook, but the downward move is not expected to be strong.

RSI 14

57.7

MACD

0.03

24h Δ

0.15%

📊 USD — Piyasa Yorumu

▼ down · 60%

The news headline indicates that central banks are showing a tendency to reduce their dollar assets. This could create medium-term pressure on the dollar. Technically, while the price is above the 20-day moving average, it remains below the 50-day moving average. The RSI is in neutral territory, and although the MACD is above the signal line, it is still in negative territory. In the short term, the dollar has the potential to weaken due to the impact of this news.

RSI 14

52.5

MACD

-0.69

24h Δ

3.27%

📊 EUR — Piyasa Yorumu

▼ down · 70%

The trend among central banks to reduce their dollar holdings reflects a growing questioning of the dollar's reliability as a global reserve currency. In the short term, this could lead to a weakening of the US Dollar Index (DXY) and a partial appreciation of emerging market currencies. In economies with high dollarization, such as Turkey, this trend may ease pressure on the Turkish lira (TRY) while triggering upward movement in gold and other commodity prices. However, the process is expected to be slow and gradual, with a low probability of causing a sudden market shock.

RSI 14

—

MACD

—

24h Δ

0.00%

📊 JPY — Piyasa Yorumu

▼ down · 65%

The news headline indicates a trend among central banks to reduce their dollar assets, which could exert pressure on the dollar. Technical indicators show the last closing at 36.67, with a 2.93% decline in the last 24 hours, signaling weakness. The RSI at 46.76 is in neutral territory but trending downward. The MACD line is below the signal line and in negative territory, supporting short-term bearish momentum. The price between SMA20 (36.61) and SMA50 (36.94) remains below the 50-day average, confirming the bearish trend. The likelihood of continued short-term decline is high.

RSI 14

46.8

MACD

-0.15

24h Δ

-2.93%

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