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The recent weakening of both the US dollar (USD) and the Philippine peso (PHP) signals more than a short-term market swing. It reflects a deeper global transformation—a shift from US-centric, ...

A historical perspective and today’s debate Many market participants view the early 1970s as the birth of modern foreign ...

The share of US dollar reserves held by central banks fell to 59 percent—its lowest level in 25 years—during the fourth quarter of 2020, according to the IMF’s Currency Composition of Official Foreign ...