🇪🇺 The future looks grim for the euro as its role as a settlement currency declines. Recent SWIFT data reveals the euro's share dropped from nearly 30% in 2014 to just 22.29% in November, marking a significant 7% decline. While other currencies also fell, none matched the euro's drop. In contrast, the U.S. dollar's share increased by 4.68%, suggesting that de-dollarization efforts by non-Western nations haven't succeeded. However, the data may not fully reflect the situation, as countries like China and Russia are increasingly using their own currencies for trade. Analysts warn that the euro's international transaction share is even lower than reported. 📉