US Dollar retains global finance backbone with half share in December: SWIFT

The US dollar still maintained its dominant position in global trading despite the geopolitical uncertainties brought by US President Donald Trump.

The US dollar remained the most active currency for global payments by value, with a share rising 3.7 percentage points month-on-month to 50.8 percent in December,  according to global financial messaging network SWIFT.

This marks the largest proportion for the US dollar since the institution changed its transaction data collection methodology in 2023.

The second active currency was the Eurozone, followed by the British pound, Canadian dollar, yen, and yuan.

SWIFT attributed the increase in the US dollar's share to the decline of the Eurozone payment in global trading, which fell to a one-year low at 21.9 percent.

The yuan accounted for 2.7 percent in December among global payments, down 0.2 percentage points, which is lower than its average level in the past year.