There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet

• The US dollar's share in global forex reserves dropped to 55% from over 70% in 2000, per IMF data.
• Non-traditional reserve currencies such as the Australian dollar and Canadian dollar are gaining ground.
• The world's central banks have been cutting the share of US dollars in their foreign reserves for the last two decades.

The US dollar is in a state of "stealth erosion," the International Monetary Fund, or IMF, wrote in a report on Tuesday.