Trump comeback: BRICS currencies under pressure – dollar wins!

Trump comeback: BRICS currencies under pressure – dollar wins!

Donald Trump's triumphant return to the White House is shaking up global financial markets! The “King Dollar” is enjoying its brightest comeback in eight years thanks to Trump, after his victory in the 2024 US elections abruptly put the brakes on BRICS hopes for de-dollarization. The BRICS alliance, which has been working on replacing the dollar since 2022, is now facing a bitter opponent. Trump's unmistakable message: "Leave the dollar and you can forget about business with the USA!" This threat underlines his tough trading strategy. watcher.guru reports details of the tense developments.

While the US stock markets are running at full speed and both the Dow Jones and S&P 500 are climbing new heights, the dollar index is rising by a whopping 1.8% - the highest jump since June 2016! The BRICS countries, which have recently been relying on alternative currencies, could perhaps take a new course in light of Trump's victory. It will be interesting to see how this political poker continues, especially since Trump could be thinking about ending the sanctions. Prepare yourself - the financial world is in upheaval and it cannot be overlooked that the dollar showdown is only now really getting started!