The US dollar has maintained its position as the foundation of the global financial system for nearly a century.
However, recent developments raise concerns over its future standing, particularly as we approach the five-month mark of US President Donald Trump’s latest term.
According to the Atlantic Council’s Dollar Dominance Monitor, the dollar’s supremacy is reportedly secure in the immediate future, but anxiety is palpable as the value of the dollar has plummeted to near its lowest level in three years.
This decline signals a growing reassessment of confidence in the greenback, particularly set against a backdrop of evolving monetary and geopolitical dynamics.
Within the ranks of the Trump administration, competing and at times contradictory perspectives regarding the significance of dollar dominance have emerged.
This internal discord reflects broader national and international debates surrounding the role of the US dollar.
Three distinct frameworks for understanding the dollar’s functions have surfaced, each posing diverging implications for US policy—specifically, the dollar as a reserve, as a payment tool, and as a store of value.
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image source from：https://www.atlanticcouncil.org/blogs/new-atlanticist/whats-the-trump-administrations-dollar-strategy-it-depends-on-who-you-ask/
