BRICS vs Dollar: Will the US Dollar Survive? Morgan Stanley explains

BRICS vs Dollar: Will the US Dollar Survive? Morgan Stanley explains

BRICS launches major attack: The powerful alliance against the dollar is conquering the world! By relying on local currencies, the alliance aims to strengthen the economies of its member countries and undermine the dominance of the US dollar. A gloomy prophecy from Morgan Stanley is attracting attention: The USA could soon sink into the vortex of inflation if imports in dollars stall. That would drive prices for basic needs to unprecedented heights and put additional strain on the American economy, reported watcher.guru.

But hold your breath! Experts don't see the end of the dollar yet. Despite the tough competition from the BRICS corner, he remains a rock in the surf. Morgan Stanley's foreign exchange chief James Lord is betting on the dollar as a safe haven in stormy market conditions - a choice that has worked perfectly so far. After all, the US dollar has often proven its stability in times of crisis while other currencies fell like dominoes. The question that remains: What fate awaits the mighty greenback in the future of the BRICS storm? More on this you can find out at watcher.guru.