The dollar is there, it will continue to be the world's dominant currency.
Amid all the sturm und drang, one rarely hears a compelling argument for the dollar retaining its status as a dominant currency particularly given the fiscally-precarious position of the United States.
Sarkozy also took on the U.S., telling his "friends across the Atlantic", that despite the U.S. dollar's status as the world's dominant currency, the country did not have the right to make all the rules.
The currency regime that would succeed it would mean the re-emergence of the mark as the Continent's dominant currency and rule by the German Bundesbank, which is even less accountable to Europe's public than the European Central Bank.
For Chile, India and South Africa, the RMB is the dominant reference currency.
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China is preparing for a world beyond the inconvertible paper dollar, a world in which the renminbi, buttressed by gold, becomes the dominant reserve currency.
When Tim Geithner, America's treasury secretary, discussed the proposal in New York on March 25th, his remarks sent the dollar tumbling before he made clear that, naturally, he thought the greenback should remain the dominant reserve currency.
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Local currency debt in particular will become dominant, while local currency corporate bonds will be well on the way to occupying the very top spot within a decade, Ashmore forecasts.
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U.S. dollar strength has been a dominant theme in currency trading recently, as the greenback moved higher against other currencies due to further signs of recovery in the world's largest economy.
Range trading the interest and commodity sensitive currency remains the dominant course of action.
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