United States dollar

The United States dollar is the official currency of the United States, widely used as a global reserve currency. Recent news articles suggest that the US dollar's dominance is under threat due to China's efforts to internationalize its yuan, while the US Federal Reserve's autonomy has been questioned under President Trump's leadership. The US dollar has also been affected by recent events such as Iran tensions and the strengthening of other currencies like the Malaysian ringgit. As a result, experts are debating whether the US dollar will remain the most powerful currency on earth or if it will be challenged by alternative currencies like China's digital yuan. The current relevance of the US dollar lies in its widespread use in international trade and finance, but its dominance is being tested by emerging economies and alternative currencies.