Dedollarization suffers a blow as the greenback's share in global payments hits a record high

• The international drive to end the dollar's dominance has suffered a blow, with the greenback's role in global payments hitting a record high. 
• SWIFT data showed as much as 46% of foreign-exchange payments in July via the messaging system involved the dollar. 
• The jump in dollar usage comes at a time when countries including China and Russia are trying to move away from the greenback. 

An international movement against the dollar's global dominance, spearheaded by nations including China and Russia, has suffered a setback with the greenback's share of worldwide payments hitting a record high.