Dollar reserve share falls to century low

The U.S. dollar’s share of global foreign currency reserves has reportedly fallen to its lowest level this century.
That is a major macro signal because dollar reserve dominance has been one of the foundations of the global financial system.
A declining reserve share suggests central banks may be diversifying gradually into other currencies, gold, or alternative reserve assets.
For $USD, the key issue is whether this is a slow structural shift or a short-term allocation adjustment.
The bigger signal is that confidence in dollar dominance is being questioned more openly across global markets.