Group 1 - The International Monetary Fund (IMF) has revised the share of Swiss Franc in global foreign exchange reserves down to 0.18% for the first quarter, consistent with the forecast for the fourth quarter of 2024 [1] - The data released on July 9 indicated errors in the figures for the Australian Dollar and Swiss Franc, leading to this revision [1]

Core Viewpoint - The notion that the dollar's status as a global reserve currency is ending may be inaccurate, as reserve managers appear to be intentionally increasing their dollar holdings [1] Group 1: Global Forex Reserves - The total global foreign exchange reserves increased by $168 billion in the first quarter, with 54% of these reserves held in dollars [1] Group 2: Reserve Managers' Behavior - Reserve managers seem to be deliberately accumulating dollars during times of pressure to prevent larger appreciation of their local currencies [1] - There is a tendency for reserve managers to buy dollars when they are relatively cheap, anticipating potential market volatility in the future [1]