External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>Reports of the USD’s reserve currency death have been greatly exaggerated, and SWIFT international transaction data reveal a peerless dollar share nearing 50% of all transactions on the network, underscoring its prevailing position as the primary medium of global payments.</li><li>The next closest currency—EUR—hovers just below 25% and is showing signs of a slight pickup after plummeting from near-40% levels in early 2023.</li><li>The USD’s dominance is notable, and its recent ascendance is even more remarkable given that it had languished around 40% over much of the past decade.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Reports of the USD’s reserve currency death have been greatly exaggerated, and SWIFT international transaction data reveal a peerless dollar share nearing 50% of all transactions on the network, underscoring its prevailing position as the primary medium of global payments.The next closest currency—EUR—hovers just below 25% and is showing signs of a slight pickup after plummeting from near-40% levels in early 2023.The USD’s dominance is notable, and its recent ascendance is even more remarkable given that it had languished around 40% over much of the past decade.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - USD Payments Dominance Unchallenged As CAD Unseats CNY