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Story summary
- The European Central Bank (ECB) sold dollar assets early last year to rebalance its reserves, reducing dollar holdings from $51.9B to $50.9B and increasing yen assets from 1.5T to 2.1T euros.
- The move yielded a 909 million euro gain.
- The ECB reported a 1.3 billion euro loss in 2025.
- Most bonds from past stimulus schemes are held by national central banks, with the Bundesbank facing significant losses.
