Central banks become net dollar sellers

The world's central banks have become net sellers of US dollar-denominated assets for the first time in more than two years.

Washington revealed that in March, for the first time since September 2002, global central banks sold a net $14.4 billion in US assets in the largest sale since August 1998, the Financial Times reported on Tuesday 17 May.

The Central Bank of Norway was conspicuous in off-loading dollars, as it sold $17 billion of US Treasury instruments during March.

At the same time, priv

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