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dominant currencyFox Business
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85% Informative
A new report by JPMorgan casts doubt on claims that the U.S. dollar's status as the dominant currency in the world financial system is coming to an end amid the rise of competing alternatives.
China 's rapid growth in recent decades and its emergence as the world's second -largest economy have contributed to greater diversification away from the dollar in global markets.
JPMorgan 's report said the dollar's share of foreign exchange reserves rose from 59% in 1996 to a peak of 73% in 2001 .
VR Score
90
Informative language
92
Neutral language
22
Article tone
formal
Language
English
Language complexity
61
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Source diversity
2
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