Keith Johnson
The U.S. dollar, for all the incessant handwringing over its imminent demise as the global reserve currency, remains clearly ensconced on its throne. But that could start to change as soon as Wednesday, with a much-watched meeting of the U.S. Federal Reserve.
The latest Dollar Dominance Monitor, compiled by the Atlantic Council, shows that the U.S. dollar still has no rival for any of the central attributes of a reserve currency: The dollar is still the most used currency in central bank reserves, still the top money used for export invoices, and still overwhelmingly dominates foreign-exchange transactions. Most international debt is still dollar-denominated, as are most sales of vital commodities such as oil.
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