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John Hawkins, Head, Canberra School of Government, University of Canberra

New data shows the US dollar still dominates foreign exchange markets – despite Trump’s economic chaos

United States US Dollar Mark Twain Donald Trump James Tobin the Bank for International Settlements
NurPhoto/Getty

Reports of the death of the US dollar appear to be greatly exaggerated (like that of author Mark Twain).

Global trading in the foreign exchange market has risen to almost US$10 trillion (A$15 trillion) per day. This figure comes from a survey released overnight by the Bank for International Settlements covering transactions in April.

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