The dollar’s share fell to 59% in the fourth quarter of 2020 from 60.5% in the third, declining for three consecutive quarters
Such figures are the lowest in a quarter of a century. According to the International Monetary Fund, the US currency accounted for 58% in 1995.
At the same time, the euro’s share rose, reaching 21.2% in the fourth quarter of last year, up from 20.5% in the third quarter. This is the highest figure since 2014.
Edward Moya, senior market analyst at online trading platform OANDA
“For the most part, Wall Street and the rest of the world are convinced that we are bound to see a weaker dollar. If you look at the growth in the money supply and the initiatives of the Biden administration, things are only going to get worse.”