US Dollar Dominance Persists Amid Global Reserve and Trade Supremacy
The US dollar continues to assert its dominance in global reserves and trade, defying widespread speculation about de-dollarization. Recent SWIFT data reveals the USD's share in global payments has reached a 13-year high at 48%, doubling the euro and surpassing the Chinese yuan by 16 percentage points.
Despite mounting challenges and vocal critics, the dollar's supremacy appears unshaken. Its share in foreign reserves remains robust at 88%, contradicting narratives of systemic abandonment. The currency's resilience underscores its entrenched position in global finance, where competitors still lack the critical mass to displace it.