The share of euro settlements through the SWIFT interbank system in March fell to its lowest since April 2020 and accounted for less than a third of all transactions, data from the system show.

The European currency accounted for 32.64% of international settlements in March. The last time less was recorded was in April 2020 – then the “European” accounted for 31.46% of all settlements through SWIFT. During the month this indicator lost 3.79 percentage points.

At the same time, the share of the dollar rose by 0.64 percentage points over the month, to 41.74%. The “American”, according to the system, is still the most popular currency for international settlements.

The yuan in March showed a slight growth of 0.07 percentage points. According to SWIFT, it accounted for 2.26% of international settlements in the first spring month.

Earlier we reported that gold continues to rise amid expectations of a slowdown in the U.S. rate hike.