Dollar Usage in Global Payments in July Rises to Record, Swift Says
- Some 46% of all Swift FX transactions involved the dollar
- Euro’s share falls to record low; yuan’s exceeded 3%
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The dollar’s role in international payments has never been stronger, according to the latest transaction data compiled by global financial messaging service Swift.
The figures show greenback-related trades rose to a record 46% in July, compared with slightly more than one-third a decade ago. The dollar was the top currency as measured by transaction count, followed by the euro, pound, yen, and yuan.