“USD Dominance Surges in International Payments, Euro Plummets to a Historic Low”

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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.

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