Euro’s Global Role Gains a Bit But Still Distant From Dollar (1)

International use of the euro rose slightly in 2025 but stayed well below that of the dollar, highlighting the difficulty of mounting a global challenge to the greenback’s supremacy.

Overall usage of the common currency increased to about 20%, the European Central Bank said Tuesday in an annual assessment. It held at the same level in foreign-exchange reserves, still only about a third of the dollar’s allocation.

The ECB said international debt issuance in euros hit a record high and the euro led for the first time in the global market for green and sustainable bonds. But it also ...