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ECB sells some U.S. dollar assets, cuts weight of dollar in reserves
By Balazs Koranyi
Reuters
Thursday, February 26, 2026
FRANKFURT, Germany -- The European Central Bank sold some of its dollar assets early last year and reduced the weight of the dollar in its foreign exchange reserves in what it said was a standard rebalancing of its portfolio.
The bank played down the significance of the move, which came before the market turbulence generated by U.S. President Donald Trump's tariff announcement last April.
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The ECB generated a gain of 909 million euros ($1.07 billion) from this first quarter transaction and invested all proceeds into Japanese yen assets, it said in its financial accounts today. ...
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