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US Dollar Defies De-Dollarization Narrative with 4-Year High
US Dollar Defies De-Dollarization Narrative with 4-Year High
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BTCCSquare news:
The US dollar has surged to a four-year high, countering widespread speculation about its declining dominance in global markets. Despite macroeconomic pressures, the currency commands 50% of international transactions through the SWIFT network—an 11.6% increase since 2020.
Rival currencies like the euro and Chinese yuan trail far behind, with the yuan accounting for just 2.7% of SWIFT transactions. This performance underscores the dollar's entrenched position as the world's reserve currency, even as alternatives gain attention.
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