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The US dollar has lately been at the center of global attention. The dollar-down phenomenon has lately been shaping multiple discussions, as the US dollar continues to weaken, pressured by the Fed rate cut anticipations and Trump’s tariff sprees. The consistent US dollar fall has prompted Bitcoin and gold to hit new highs, compelling banks around the world to issue ominous USD devaluation warnings across the sector. Also Read: Gold Price Conquers $4000, But Its Aiming For Another ATH. What Is It? US Dollar Downfall: What Is Happening? Source: Freepik.com The US dollar has lost 10% of its purchasing power this year, exploring low price valuations as of late. The American currency is being heavily battered by a mix of economic elements, including the US debt spiral and Fed rate cut anticipations, driving the US dollar down a notch. This phenomenon is also influencing the global investor interest, which has now started to move away from the US dollar or USD-backed assets. “The US dol...

BRICS members China and Indonesia have collaborated to launch a new QR code-based payment system to avoid using the US dollar for transactions. Bank Indonesia (BI) and the People’s Bank of China (PBOC) are currently running pilot tests for cross-border QR code payments. Indonesia will run the QRIS in China, allowing payments in local currencies and not the US dollar. QRIS is Indonesia’s payment interface, providing seamless transactions by just scanning via smartphones. China has given Indonesia the green signal to implement QRIS across the country, allowing users to use the payment system when implemented. The new deal among the two BRICS members paves the way for QR code payments to take center stage. The US dollar will no longer be the de facto payment option, allowing local currencies to be implemented nationwide. Business-to-business (B2B) enterprises in China and Indonesia will be the most beneficial if the program is implemented and goes live. Also Read: India’s Rupee Goes ...

The US dollar, the world’s global reserve asset, is currently spiraling out of control. USD’s purchasing power has been declining rapidly, weakening the American currency at a record pace. Moreover, Trump’s consistent tariff policies had ushered in global market uncertainty, putting pressure on the dollar at its core. Trump is also positioned to lower interest rates sooner rather than later, which may again shift global sentiments, weakening investments in dollar-backed assets. With such significant shifts happening at a rapid pace, one leading asset manager now believes that the dollar may continue to roll in the dust in the near future. Also Read: Revolt Against US Dollar: ASEAN Countries QR Code Payment Gains Steam Dollar to Continue Falling? Source: Freepik.com As per a recent Bloomberg article, DoubleLine Capital’s Bill Campbell believes the US dollar is poised to decline further in the near future. Campbell, in his recent note, shared how the appointment of the new Fed...

A new US dollar warning from Bank of America has professional investors scrambling right now, and the reasoning behind it is actually quite compelling. The Bank of America fund manager survey shows fund managers are currently the most underweight the dollar since January 2005, with analysts declaring it the “biggest summer pain trade” as global recession risks ease and dollar summer pain trade positioning reaches some pretty extreme levels. Also Read: Bank of America Warns Dollar May Collapse After 10.8% Plunge Why Bank Of America’s Dollar Warning Signals Global Risk Shift Source: Freepik The June 2025 Bank of America fund manager survey reveals what’s actually a dramatic shift in institutional sentiment right now. Fund managers controlling £523bn in assets are abandoning the dollar at unprecedented levels, and this US dollar warning reflects broader concerns about America’s fiscal position along with the international equities outlook that’s been imp...

The de-dollarization agenda is now gaining worldwide traction as the US dollar keeps displaying significant price volatility. The regular fluctuations encountered by the American currency are leading the world to explore capable alternatives to the US dollar, with a special focus shifting towards currencies such as the euro and Chinese yuan. This development is gaining momentum due to the fiery trade policies that US President Donald Trump has initiated in recent times. The rising trade war fears, coupled with the nations putting counter tariffs on the US, pushed investors to dump the US dollar, adopting alternatives like the yuan to perform cross-border transactions. Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit De-Dollarization Gains Steam: What’s Happening Source: Watcher Guru The financial market is now getting ready to embrace a new change. This change is marked with the rise of the multipolar currency world, where other currencies ...

The US dollar may face a huge crisis from BRICS and other Asian currencies, as Stephen Jen, CEO of Eurizon SLJ Capital, revealed to Bloomberg that an “avalanche” of selling the USD worth $2.5 trillion could come from Asian countries. He revealed that Asian exporters and investors have stockpiled a large sum of USD over the years that could soon be dumped as the greenback is weakening against local currencies in 2025. The Bloomberg currency index shows that the USD is down 8% since February, while local currencies are outperforming the reserve currency. This gives the BRICS alliance more power to initiate the de-dollarization agenda as $2.5 trillion worth of US dollar hangs on a thread. “We suspect these dollar hoardings by Asian exporters and institutional investors may be extremely large. Possibly on the order of $2.5 trillion or so. And pose sharp downside risks to the dollar vis-à-vis these Asian currencies,” Jen and Joana Freire wrote. BRICS: US Dollar Faces a Threat of $2.5 Tril...

The growing geopolitical tensions have only intensified in recent weeks amid the United States’ new Liberation Day tariff plan. Although it has been scaled back in a myriad of ways, the nation’s currency appears to be paying the price. In an interesting turn for the BRICS bloc, the US dollar has fallen again as trade fears grow. Interestingly, US President Donald Trump had previously threatened the alliance with 150% tariffs due to their de-dollarization endeavors. The warning never actualized, but his stance on their policies was clear. Now, his efforts to balance trade for the nation have effectively done similar to the global reserve asset. Source: The New York Times Also Read: BRICS Launches Initiative for International Payments System US Dollar Struggles as Trade Fears Look to Benefit BRICS Bloc It has been a rather concerning month for the global economy. US President Trump has ushered in a strong America-first policy in the form of his new tariff plan. Subsequently, i...

The forex market is dynamic with changes occurring every minute of the day’s trade. BRICS is doing everything to topple the US dollar from the world’s reserve status and replace it with local currencies. Despite their best efforts, the de-dollarization agenda is yet to become a reality as the USD still dominates the financial sector. This puts a major dent in their initiative as the greenback reigns supreme even after multiple attempts to bring it down. Also Read: BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar BRICS: 8 Currencies That Dominate the Financial World Source: euroschoolindia.com Even after BRICS placed local currencies ahead for trade, the US dollar is the most used tender for cross-border transactions. The majority of the world uses it for trade settlements as it sustains the market’s whiplash. The USD does not dramatically head south and is backed by various global economic participants who trust the currency. Below is the list of the...

BRICS member Russia is heavily diversifying its foreign exchange reserves by replacing the US dollar with gold. As of March 2025, gold makes up 34.4% of Russia’s foreign exchange reserves and is worth $217.4 billion. The Central Bank of India is massively accumulating the precious metal to safeguard its economy from market turmoil. Also Read: BRICS: Analyst Reveals If the US Dollar Can Maintain Its Dominance Russia is just one among the BRICS nations that has been aggressively buying gold since 2022. Its counterparts China, India, and Brazil have also been accumulating the glittery metal for 36 months. The developing countries are looking to sideline the US dollar for foreign exchange reserves as the currency comes with the risk of debt. If the market crashes, holding the US dollar becomes a financial burden and weakens their respective economy. Therefore, BRICS members are turning towards gold and other local currencies to distance themselves from the threat of acquiring debt. If...

The BRICS alliance is on a quest to upend the US dollar and replace its dominance with local currencies. The shift towards settling trade in local currencies has been on the rise since the White House pressed sanctions on Russia in 2022. Developing countries are sidelining the US dollar for cross-border transactions and increasingly using local currencies for payment settlements. Also Read: India Officially Dismisses BRICS Currency, Praises the US Dollar Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The greenback stands at the crossroads of a global change that could deplete its power and control over the world’s financial markets. Such a development could wreak havoc on the American economy leading to a major shift and market collapse. Also Read: BRICS: Nobody Will Trust the US Dollar Again BRICS: Deutsche Bank Predicts US Dollar is On the Losing Side Source: Freepik.com Deutsche Bank wrote in its recent note to stakeholders ...

Donald Trump has once again struck the market with a fresh spree of tariffs. The US president has levied 25% tariffs on the European Union, followed by deploying an additional 10% tariffs on China. Minutes after the aforementioned tariff announcement, the cryptocurrency market felt the aftereffects of it, with Bitcoin plunging below $80K price levels. Are Trump’s tariff spree ideations spelling trouble for the US economy? Let’s find out. Also Read: US Car Dealership Officially Accepts Pi Coin as New Payment Option Trump’s Tariff Strategy: A Blunder or a Boon? Source: LA Times Donald Trump is currently on an aggressive tariff spree. The 47th US president is currently busy imposing tariffs on nations, levying 25% and 10% tariffs on imports from the EU and China, respectively. Trump’s tariff decision had a massive global effect, with markets tumbling down due to the rising trade war fears. At the same time, Trump has also levied taxes on Mexico and Canada, sparking issues for US auto...

Amid the ongoing de-dollarization efforts embraced by the BRICS alliance, experts have begun to state that the US dollar’s days as a global reserve asset may be numbered. Although the currency is at a new record high, economists have noted things do not look as promising in the long term. Analysts and experts have gathered at the World Economic Forum in Davos, Switzerland. It was there that US President Donald Trump, inaugurated Monday, noted the United States would be the “world capital” of both AI and crypto. Those efforts may come to fruition, but the nation is clearly losing ground regarding its greenback as the world’s currency. Also Read: BRICS: China Breaks Silence on US Tensions, Trump Tariff Threat US Dollar Dominance Coming to an End? Why Economists Aren’t Keen on Its Long-Term Outlook The geopolitical tensions over the US dollar have reached a fever pitch in recent years. The BRICS alliance has continued to seek ways to promote local currencies i...