Euro's Steady Demand Shows Challenge of Taking On the Dollar
International use of the euro remained flat for another year in 2024, laying bare the depth of the task in challenging the US dollar on the global stage.
In overall usage terms, the share of the common currency was largely unchanged at 19%, the European Central Bank said Wednesday in an annual assessment of the euro's situation. In foreign-exchange reserves, it held at 20% — a third of that for the dollar.
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