As the crisis in Ukraine intensifies, the dollar is regaining strength.

• Since its rise to prominence, analysts have been predicting the dollar's impending doom.
• The dollar has seen its value strengthen as the crisis in Ukraine worsens.
• The health of the currency worldwide is significantly influenced by the U.S. markets.

Since its initial rise to prominence in 1971, experts have been predicting the imminent collapse of the dollar.

Stephen Roach, a senior fellow at Yale's Jackson Institute for Global Affairs, believes that the dollar's preeminent status as the world's currency is not invincible and will eventually be challenged.

Some experts predict that the U.S. dollar will continue to be the dominant currency for some time.

According to Kathy Jones, managing director at Schwab Center for Financial Research, the likelihood of that event occurring in her lifetime is insignificant. When there are worries about global economic or geopolitical events, the dollar tends to appreciate, rather than depreciate. It is perceived as a secure investment.

As the crisis in Ukraine intensifies, the dollar's value has strengthened after recovering from the pandemic's effects.

As seen during the outbreak of war in Ukraine, the dollar has typically strengthened when there are opportunities for safe evacuation, as investors seek the most liquid and secure markets to invest in, according to Jones.

The health of the currency worldwide is significantly influenced by the U.S. markets.

Eswar Prasad, a senior fellow at the Brookings Institution, stated that a dollar collapse is unlikely because it would imply a need for safety, and the only safe place to put a large amount of money is still the U.S.

The likelihood of the U.S. dollar remaining dominant is predicted to continue.