The United States dollar is a strong currency internationally. This means
There is a strong global demand for American goods, services, and financial investments
The dollar makes American exports cheaper for people in other countries to buy
The dollar is still backed by gold
The dollar helps America’s industries to compete globally by making American products cheaper
The dollar serves as a reserve currency for many countries around the world, making it highly liquid and easily exchangeable
The stability of the US economy and government contribute to the strength of the dollar
Central banks and investors hold a significant amount of US dollars as a store of value and to maintain stability in their own economies
Overall, the strength of the US dollar provides a range of benefits for the American economy and has a significant impact on global trade and finance.