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Global use of euro on the rise, ECB says

The euro's use as a global currency has surged after sitting at a record low last year, according to the European Central Bank. Growing confidence in the eurozone and concerns about the US political landscape have pushed the euro's share of the foreign exchange reserve market to 20.7%, an increase of 1.2 percentage points during the past decade, while the US dollar's share has reached a historic low.

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