![“USD Dominance Surges in International Payments, Euro Plummets to a Historic Low” “USD Dominance Surges in International Payments, Euro Plummets to a Historic Low”](https://mehabe.com/wp-content/uploads/2023/08/photo_2023-08-24_08-15-26.jpg)
In July, the utilization of the US dollar in global transactions reached an unprecedented high, as reported by SWIFT. Approximately 46% of all Swift foreign exchange (FX) transactions were conducted using the dollar. Simultaneously, the euro’s share dwindled to an unprecedented low, while the yuan surpassed 3% for the first time.