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US dollar soaring: BRICS alliance fights in the shadows!
The US dollar reaches a 2-year high despite de-dollarization, BRICS fails to change the global financial order.
US dollar soaring: BRICS alliance fights in the shadows!
The US dollar is causing a stir worldwide! Despite all the efforts of the BRICS alliance to disempower Western financial power, the dollar is breaking records and reaching a two-year high. What's up? According to a report in the Financial Times, the greenback has staged a brilliant recovery and is heading straight towards the Federal Reserve's inflation target of 2% in 2024. The dollar has thus brilliantly emerged from the post-pandemic inflation crisis. As watcher.guru reports, the BRICS countries, which have been struggling with Western sanctions since 2022, have not been able to bring about any significant change. BRICS's intended economic turnaround to boost local currencies appears to be fizzling out while the dollar continues to reign supreme. Goldman Sachs is fueling the dollar euphoria by upgrading its forecasts. Analyst Kamakshya Trivedi says new tariffs and the strong performance of the US economy could give the dollar further momentum. The green giant shows no signs of weakening - in fact, his dominance could become even greater!