The use of the U.S. dollar in global transactions has surpassed 50% https://t.co/APHFXkIXt3
#Dollar’s prowess in global trade climbs in January, accounting for just over half of all international #forex traffic sent via Swift.
The US dollar’s prowess in global trade climbed in January, accounting for just over half of all the international foreign-exchange traffic sent over Swift https://t.co/Wc8Yy871JF
The U.S. dollar continues to strengthen globally amid geopolitical uncertainty and ongoing negotiations between the United States and Russia. Recent reports indicate that the dollar's share of international foreign-exchange traffic sent over the SWIFT network surpassed 50% in January 2025. Despite this trend, Latin American currencies, such as the Chilean peso and the Peruvian sol, have shown resilience against the dollar's rise. The peso is currently facing downward pressure due to fluctuations in copper prices, while the sol's performance remains stable as markets assess the potential impact of a ceasefire in Ukraine and Federal Reserve policies.
