The reserve currency, the US dollar, was the dominant vehicle currency being on one side of all FX trades in 87% of cases in April 2013, and the euro was second being involved in 33% of trades.

Question

Quizplus · Accepted Answer

The US dollar indeed dominates the foreign exchange market, being involved in the majority of trades, and the euro is the second most commonly traded currency, with the percentages provided reflecting their respective shares in global FX trades as of April 2013.

The Reserve Currency, the US Dollar, Was the Dominant Vehicle