Goldman Sachs Research summarizes the key findings form the COFER Q2 Data.

"The International Monetary Fund (IMF) recently released the Currency Composition of Official Foreign Exchange Reserves (COFER) for Q2 2026.

"During the past quarter, the headline share of U.S. Dollar (USD) reserves ticked down, though it remains just above the low reached in Q4 2025. Meanwhile, the valuation-adjusted share of Euro (EUR) reserves increased, while Japanese Yen (JPY) reserves declined. Elsewhere, the valuation-adjusted shares of other reserves remained roughly stable," GS notes.