Federal Reserve (Fed) Governor Christopher Waller noted the US Dollar's (USD) importance in global markets while giving a speech titled "The Dollar's International Role" at the Global Interdependence Center and University of the Bahamas Conference in Nassau.

Key highlights

• US Dollar likely to remain the world's dominant reserve currency.
• Recent developments strengthen that status.
• Several factors weigh against the Chinese Yuan as an attractive asset.
• Fed's Waller sees no need for a central bank digital currency in the US.
• Waller does not want to see central banks holding large amounts of crypto-based ETFs.