AI Hub 3 May 2023 What portion of forex transactions are denominated in USD? The US Dollar (USD) is the most widely traded currency in the world, with approximately 88% of all forex transactions being denominated in USD. This is due to the fact that the US Dollar is seen as a safe haven currency and is used by many countries as their primary reserve currency. The US Dollar also has a significant presence in international trade, with many commodities and services being priced in USD. In addition to its widespread use for forex transactions, the US Dollar also plays an important role in global investment markets. Many stocks and bonds are denominated in USD, making it easier for investors to track their investments across different markets. The US Dollar is also used as a benchmark for other currencies, meaning that when one currency...