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US dollar soaring: BRICS countries fight against price collapse!
Demand for US dollars in foreign banks is rising despite BRICS' de-dollarization plans as local currencies weaken.
US dollar soaring: BRICS countries fight against price collapse!
Surprise in the currency market! The US dollar is celebrating a superlative comeback and defying the de-dollarization offensive of the BRICS countries! Despite rising to 107.06, the US$ is currently settling at 106.55. The local currencies of the BRICS? In a nosedive! The Indian rupee is at the bottom at a shocking low of 84.47 - and the Chinese yuan? Slid even lower than ever before in the last seven months as watcher.guru reports.
The banks are amazed: they are redeploying and stuffing their vaults with the green currency - the US dollar delivers returns that the BRICS currencies can only dream of. And Donald Trump, the president-elect, has big plans: crush de-dollarization and destabilize the BRICS alliance. He wants to stage his superstar dollar spectacle with tough tariffs of a whopping 100%! Analyst Boris Mezhuyev predicts: Trump will push back aggressively and defend the US$ - anything to derail the multipolar world order that the BRICS are trying to achieve. Notice something, BRICS? The monetary battle has only just begun. More on this in the watcher.guru article.