The US dollar may have experienced some depreciation amid ongoing global trade tensions, but it is expected to retain its status as the world’s dominant reserve currency for decades to come. Following Donald Trump’s inauguration, the US Dollar Index surged to nearly 110. Countries like China have been actively promoting the yuan’s use in international trade and expanding currency swap agreements to reduce reliance on the dollar. Similarly, the European Central Bank has expressed ambitions to elevate the euro’s global role, signaling a push to enhance its international credibility. However, they agree that no single currency is currently positioned to replace the dollar in the near future.