The US dollar, despite encountering market oddities, continues to exude a solid market presence. Although de-dollarization narratives continue to spread, a new Bloomberg report reveals that the US dollar still powers 89% of global transactions, signaling a bullish market stance despite encountering unstable market forces.
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US Dollar Is Far From Dead
Indeed, the USD has delivered one of its worst performances in 2025. The American currency has lost 10% of its purchasing power this year, as Trump tariff orders continue to pressure the US economy.
The Federal Reserve’s decision to lower interest rates has also taken a toll on the USD, triggering a fall in its price value. However, a new survey conducted by the Bank for International Settlements’ triennial confirms how the USD still dominates 89% of the world’s global transactions.
“The US dollar continued to dominate global FX markets and was on one side of 89.2% of all trades, up from 88.4% in 2022, according to the report. The euro’s share slipped to 28.9% from 30.6%, while the Japanese yen’s share held roughly steady at 16.8%.” A Bloomberg report stated
This poll was conducted in April, the same month when Trump started to announce the spree of global tariffs. In addition to this, the poll further outlined the growing usage of the Chinese Yuan, accounting for 8.9% of global transactions, up from 7% recorded last year.
Dollar to Remain King but Not Without Enemies
The USD has long been dominating the global reserve percentages. However, King Dollar has now started to encounter enemies that are after its crowning prestige and status. Mainstream usage of alternative currencies like the Chinese Yuan and Euro has also been gaining rapid attention, which is a troublesome development for the dollar to counter and reject at the moment.
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