US Dollar Dominance Grows to 89% in Global Forex Market

Data from the Bank for International Settlements (BIS) reveals that the US dollar's share of the global forex market has increased to 89% in 2026, up from 88% in 2022. Despite ongoing de-dollarization efforts by various nations, the USD remains the primary currency for cross-border transactions and invoice clearing. The report highlights that the dollar's high liquidity and global trust continue to outperform rival currencies like the euro, Japanese yen, and Chinese yuan, which face significant limitations in market access and liquidity.