Use of euro in global payments shrinking – Bloomberg ...News

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Use of euro in global payments shrinking – Bloomberg
SWIFT cross-border transactions in the single currency have nosedived to three-year lows The use of the euro for international settlements declined to its lowest level in three years last month, Bloomberg reported this week, citing data from SWIFT. Statistics from the Society for Worldwide Interbank Financial Telecommunications reportedly showed that the proportion of cross-border transactions involving the single currency fell to 31.74% in April from 32.64% during the previous month. Meanwhile, payments using the US dollar climbed to 42.71% from 41.74% in March, while cross-border transactions with the Chinese yu

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