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Currency: The U.S. is dominant, Europe is fading, and China is irrelevant (For now)

Posted on 25 September 2013

Every day, people around the world trade $5 trillion worth of currency. That’s an astonishingly large number; it’s equivalent to about four months of economic output for the entire U.S. A new report shows how that $5 trillion is spread among the world’s currencies — and how the breakdown has changed over the past few years.
The U.S. dollar is still the currency of choice for most international transactions, accounting for 44 percent of the global currency trade. In fact, its share of all transactions has actually increased over the past few years………………………………………..Full Article: Source


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