Dollar outpaces euro in global payments ...News

Investors prefer the greenback for transactions amid the EU’s economic crisis, according to SWIFT The dollar widened its lead over the euro as the world’s top currency for payments last month, according to a report by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) released this week. The share of total euro payment transactions slumped to 34.5% in August, falling to the lowest level since 2020. The decline by a full percentage point from July comes amid the strengthening of the US dollar and the euro’s drop of more than 12% against the greenback this year, according to SWIFT data. As the

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