Euro holds ground on world stage despite Russia slashing use -ECB

FRANKFURT, June 21 (Reuters) – The euro held its ground as the world’s second most-used currency for trade, finance and reserve-building last year even as Russia slashed its reliance on it after being hit by sanctions, a European Central Bank report showed on Wednesday. The dominance of the U.S. dollar and the euro – which comes a distant second – as global currencies is being called into question by the rise of China, the deterioration of relations between Russia and the West, and by talk of greater financial independence in emerging countries from India to Brazil. But the ECB’s annual…