Goldman Says Dollar's Reserve Position Hit by U.S. Sanction Risk
- Russian central bank likely sold dollar reserves: Goldman
- Dollar’s share of global reserves fell to lowest since 2013
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The drop in the dollar’s share of global central-bank reserves in the latest reading was probably influenced by the Trump administration’s moves against Russia, according to Goldman Sachs Group Inc.
The Central Bank of Russia probably sold about $85 billion of its $150 billion of U.S. assets during the second quarter after America imposed sanctions on Russian businessmen and government officials in April, said Zach Pandl, co-head of global FX and emerging-market strategy, in a note Monday.