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USD versus EURO

Last year the USD dropped in value relatively to other main currencies. Several countries re-structured their foreign currencies reserves to minimize the USD in their portfolio. We heard lots of talk that the USD is no more the only main currency of the world.

Then suddenly the USD regain all its loss in the last couple of months.

1- Would the $US regain its old status as the only main currency in the world or other currency(s) (probably the EURO) will share this title with the USD.

2- What was the reason behind the considerable drop in the USD value, and lately the fast regain of its value (30% versus EURO)

3- What were or are the real benefits to the US economy that their dollard was or will be the main currency of the world.

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