If there was a world full of dollars, we wouldnt see:
- the USD going up against other currencies
- interest rate swap spreads are increasing
- the push for safer collateral especially TBills
All of that is indicative of a USD (along with collateral) shortage.
Most of the media doesnt focus upon how the monetary truly works globally.
After all, have you read up on the Repo market? When was the last time you saw a trader from the realm on CNBC?
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Dollar goes up against worse fiat currencies. Strong in this case means it losses less purchasing power than the rest. The rest central banks are doing less to sustain the value of the currencies they control.