Federal Reserve Governor Christopher Waller does not expect the U.S. dollar (DXY) to lose its status as the world's dominant reserve currency "anytime soon, nor even see a significant decline in its primacy in trade and finance," he said on Thursday. "Recent developments that some have warned could threaten that status have, if anything, strengthened it, at least so far," Waller said in a prepared speech titled "The Dollar's International Role." Indeed, the U.S. dollar, backed by the government, is the most widely used currency for international trade, accounting for the majority of global reserves. Though recent ... (full story)