The Inverse Correlation Between Dollar Strength and Currency Prices

The number that you'll see most commonly cited is the share of global reserves held as dollars which has gone down steadily from 60 to 70 percent to 10 15 percentage points lower. The scale of global reserves has enormously increased so what's happening is that as reserve holders as the Chinese, Indians and Brazilians got into holding very large reserves because the dollar system was dysfunctional they were self-insuring. This doesn't point to the world uncoupling from the dollar except per force because this is a huge crunch he says.