SWFs more likely than central banks to diversify FX assets
Speaking at the FX Week Europe conference last Tuesday, Mohi-uddin said sovereign wealth funds tend to hold a larger proportion of their assets in non-dollar currencies in comparison with central banks, where 70% of foreign exchange reserves are dollar holdings.
But, Mohi-uddin said, the influence of both sovereign wealth funds and central banks on foreign exchange markets is often over-emphasised. "Although central banks and sovereign wealth funds attract a lot of attention, private asset
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