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The US dollar (USD) is one of the world's dominant currencies, often serving as the global reserve currency, which means it's widely held by governments and institutions for international trade and finance. Compared to other currencies, the USD typically has higher stability and liquidity, making it a preferred choice for foreign exchange transactions. While its value fluctuates against other currencies due to market conditions, economic indicators, and geopolitical events, it generally remains strong against many emerging market currencies. Overall, the USD's status is bolstered by the size and strength of the US economy.

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1mo ago

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