China News by Thebittimes.Com

Major Wall Street banks are now predicting that de-dollarization trends will continue accelerating, and they’re forecasting further weakness in the US dollar ahead. Right now, Morgan Stanley, JPMorgan Chase, and Goldman Sachs are all reinforcing their bearish calls on the greenback, citing interest-rate cuts, slowing economic growth, and President Trump’s trade policies as the main drivers. This global de-dollarization trend is gaining momentum as investors become increasingly concerned about currency diversification risks, and Wall Street’s dollar forecast models are pointing to significant declines ahead. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons Wall Street’s De-Dollarization Fears Point To Global Currency Risks Source: Watcher.Guru Major Banks Signal Dollar Weakness Wall Street institutions are becoming more vocal about their concerns regarding de-dollarization, and Morgan Stanley has made headlines by predictin...

The de-dollarization initiative kick-started by leading developing countries is threatening the reserve currency status of the US dollar. Emerging economies are looking to use their local currencies for cross-border transactions to strengthen their respective GDP. The move also allows local currencies to compete in the forex markets and not be chained under the US dollar. Also Read: De-Dollarization Reaches European Shores: EU Questions US Dollar Usage The quest to topple the US dollar from the global reserve currency status is paying off as developing countries forge trade deals that equip them to settle payments in local currencies through the de-dollarization initiative. Several countries including India, China, the United Arab Emirates, and Brazil, among others, have paid local currencies for trade settlements. Also Read: Intel (INTC) Stock Climbs Amid Talks of Layoffs De-Dollarization: No Alternative Currency To the US Dollar Source: Freepik.com Ashishkumar Chauhan, the Managing D...