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Foreign exporters are increasingly avoiding US dollar payments due to its volatility, preferring euros, yuan, and other currencies. US Bank reports a growing trend among American importers to accommodate these requests.
- Exporters prefer euros, yuan, pesos, and Canadian dollars over USD to hedge against volatility.
- US Bank client examples include a lumber firm using euros and a retailer switching to yuan.
- DXY index shows short-term gains but a significant yearly decline, reflecting dollar instability.
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Other Tags: Canadian Dollar, Euro, Mexican Peso, US Dollar