Nothing on Horizon to Rival Dollar’s Status, Fed Study Finds

The dollar’s prime international status remains unchallenged, according a study by Federal Reserve Bank of New York staff, despite challenges from sources including geopolitics and technologies like digital currencies.

“The dollar’s international role, whether for trade, investment or use as a global reserve currency, remains quite strong, with nothing on the horizon likely to rival it,” authors Linda Goldberg, Robert Lerman, and Dan Reichgott wrote in a blog posted Tuesday.