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in 2020 73 of all trades in the Foreign Exchange Market included the US dollar foreign exchange investors Are Not Alone In Their Love for the dollar from 1999 to 2019 the dollar accounted for nearly all of trade invoicing in the Americas nearly three quarters in Asia Pacific and 80 in the rest of the world the only region where the U.S is not the dominant medium of exchange is in Europe where the Euro holds that title there however the dollar accounted for one-fifth of all trade invoicing between 1999 and 2019. at first it might seem odd that one currency can have such a large role in global trade and foreign exchange markets after all with so much trade happening across the world why would countries prefer to complete their transactions with dollars rather than the local currency of one of the trading partners the answer is that historically the dollar has been able to retain its value much better than its competitors especially during times of crisis the Dollars success as a store
