Proof is emerging; central banks are avoiding the USD

I’m just reading some extremely interesting research from one of the major international banks. In Q2 2009, for the first time ever, the EUR accounted for over 50% of the reserves accumulated and the USD for less than 40%. Also, the JPY share of reserve accumulation rose at the highest rate in 4 years.

If you want to know why the USD/JPY fell and the EUR/USD rose, read the paragraph again. If this trend continues, the USD will continue to fall.