BRICS failed: Dollar dominates, Euro crashes by 18%!

BRICS failed: Dollar dominates, Euro crashes by 18%!

BRICS' dream of turning the world away from the US dollar is being shattered harshly by reality! The fascinating SWIFT payments data reveals that the US dollar remains the absolute boss worldwide. A staggering 9% increase shows the green giant has grown to account for a whopping 49% of global cash flows - its highest level in 12 years. Meanwhile, the euro plummets dramatically, from 39% to a tiny 21%. Ouch! Could it be that the euro is slowly losing its luster in the financial world?

As the euro stumbles, China goes into battle with the yuan, increasing its share from 2% in 2023 to 5% in 2024. But let's not kid ourselves: the US dollar remains king of currencies, remaining steadfast on its throne of global trade. Despite BRICS's best efforts to promote the de-dollarization mantra, current developments show that many countries do not want to give up the dollar. The hard currency weathers the storms of the financial markets, while local currencies often collapse suddenly. An exciting analysis of the topic is provided the report on watcher.guru. Where does this all lead? You can be excited!