US Dollar Maintains Share of Global Foreign Reserves in Q2

Here's what the data shows: the greenback's portion of worldwide foreign reserves remained essentially flat during the second quarter. Sounds boring, right? But there's a twist. When you strip out the currency adjustment effects, you find that exchange-rate movements account for nearly the entire decline in the dollar's share. This matters more than you might think. The stability here reflects how deeply the USD is intertwined with global reserve systems—even as other currencies jockey for position. Forex volatility, rather than any fundamental shift in reserve allocation strategies, drove the numbers. For crypto and DeFi market participants tracking macro trends, this reinforces how interconnected traditional finance remains with broader currency dynamics.