Dollar Global Transaction Use Jumps to New High, Swift Says

The dollar retains its supremacy in global trade despite the persistent uncertainty associated with US President Donald Trump’s policies.

The greenback’s portion of international transactions rose to 50.5% in December, up from 46.8% a month earlier, according to the latest data compiled by global financial messaging service Swift, or the Society for Worldwide Interbank Financial Telecommunication. That’s the highest share since 2023 when the Belgium-headquartered consortium revised how it collects the transaction data.