The US dollar's dominance in global trade has reached a new peak, with its share of international transactions climbing to 50.5% in December, according to SWIFT data. This marks an increase from 46.8% in November and is the highest level since 2023. Despite uncertainties surrounding US President Trump's policies, the dollar remains the leading currency in global transactions. Following the dollar, the euro holds approximately 22% of the transaction share, with the pound sterling, Canadian dollar, Japanese yen, and renminbi trailing. JPMorgan strategists note the dollar's continued dominance in foreign exchange and international currency use, while central banks are increasingly bolstering their gold reserves, with gold becoming a larger component of reserve assets maturing in 2025.