For first time, more central banks are set to shrink dollar holdings, survey fin

LONDON, June 30 (Reuters) - More of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S. currency rise, an OMFIF survey of public investors released ‌on Tuesday showed.

It is the first time the survey, carried out by the Official Monetary and Financial Institutions Forum, has found ‌such a shift away from the dollar.

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The findings dovetail with a global debate about the U.S. dollar's role as the primary reserve currency that has been stoked by U.S. ​policy uncertainty and heightened geopolitical risks.

The London-based thinktank set up in 2010 also found an eagerness among the 90 central banks, public pension funds and sovereign funds surveyed to significantly increase the use of AI from current levels.

Survey participants, who collectively oversee some $10 trillion in assets, increasingly viewed volatility as a permanent feature and are testing new approaches to dealing with

Fuente original: Yahoo Finance (https://finance.yahoo.com/economy/policy/articles/first-time-more-central-banks-050116391.html)