ECB Draghi: International use of euro has fallen "slightly"

The European Central Bank (ECB) president Mario Draghi in the forward to a report on the role of the euro, acknowledged that euro remains 2nd most important ccy in international monetary system.

Headlines:

Euro rise decline was particularly the case for forex reserve holdings and issuance of foreign ccy denominated debt and cross border loans

Euro remains 2nd most important ccy in international monetary system

Main drivers of international use of euro were additional ECB measures, slower than expected pace of US rate hikes, concerns about developments in China, other emerging markets

Full report here