The US Dollar: A Local Currency or a Global Powerhouse?When discussing global currencies, the US dollar invariably takes centre stage. It’s not just the official currency of the United States; it’s much more than that. The US dollar has transcended its national boundaries to become a currency with global influence. But the question arises: Is the US dollar merely a local currency, or does it hold a global status? To answer this, let’s take a closer look at the role of the US dollar in global financial markets and international trade.