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The de-dollarization wave is now gaining rapid momentum, with central banks exploring ways to diversify their holdings beyond the US dollar. A new Reuters report confirms a stark reality of the dollar’s allure waning within the global banks as de-dollarization takes hold. In addition to this, global banks have now begun to eye other lucrative assets, such as the Chinese yuan, gold, and the euro, to back their reserves, thereby keeping the dollar at bay. Also Read: HSBC Sees Euro at 1.20 as De-Dollarization Accelerates Banks Want More Gold, Not the Dollar. Source: Watcher Guru According to a new report by the Official Monetary and Financial Institutions Forum (OMFIF), banks managing trillions worth of reserves have now started to ditch the dollar. The report further adds how one in three of such banks may accelerate their exposure to gold in the coming years, a change that is rapidly gaining momentum in the sector today. “After years of record-high central bank gold purchases, reserve m...

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 US cannot afford to lose the dollar’s reserve currency status as the reaction would be devastating for the economy. The White House, the Federal Reserve, the US Treasury, and all other institutions will face scrutiny. The major impact will be felt by American businesses and the general public, as inflation is expected to soar across the homeland. The development would lead to job cuts and a stock market crash that would make 1928 feel like a child. BRICS is trying hard to topple the US dollar and replace it with local currencies. Also Read: BRICS vs G7: Who Is Richer in 2025? BRICS: Here’s What Will Happen If the US Dollar Loses Its Reserve Currency Status Source: News18.com Demand For the US Dollar Will Drop Not just BRICS, but all developing countries will stop buying the US dollar and avoid keeping it in their reserves. Emerging economies will use their national currencies for trade settlements and strengthen their GDP. Local currencies will start surging in the forex...

The US dollar has been touted by many as a prime suspect in bringing global volatility and economic distress to other nations. The constant weaponization of the US dollar and the nation’s use of sanctions to subdue inimical forces have led nations to initiate de-dollarization, a phenomenon that reduces reliance on the American currency. Now that Trump’s policies have brought in more geopolitical instability and mayhem, these 11 nations have decided to reduce their dependence on the US dollar, charting their own path to interconnect and push for local currency narratives to gain steam. Also Read: Eric Trump Says Crypto Will Replace SWIFT: 3 Coins That Can Make It Happen Why Is the US Dollar Losing Luster? Source: Watcher Guru The US dollar is currently trading at lower price spots, pitted globally due to the aggressive global policies initiated by Donald Trump. The dollar’s lackluster performance has been criticized by major league financial giants, including Goldman Sa...

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...

BRICS expansion could be a major topic of discussion as the total number of countries expressing interest in joining the alliance is growing in 2025. The 17th summit is scheduled to be held on July 7 and 8 in Brazil’s Rio De Janeiro. The 10-member bloc will decide the future of the alliance, and all decisions will be based on consensus. Also Read: BRICS: 2 Countries Settle Oil Trade in New Currency, Discard US Dollar A BRICS expansion in 2025 could also accelerate de-dollarization as more countries look to end reliance on the US dollar. Apart from the sanctions, Trump’s recent tariffs are also making emerging economies distrust the White House policies. Read here to know how many sectors in the US will be impacted if BRICS ditches the dollar for trade. Also Read: BRICS: When Barack Obama Predicted the US Dollar’s Future 44 Countries Show Interest to Join BRICS as Expansion Talks Grow in 2025 Source: ShutterStock Vietnam is the 44th country that has expressed interest in join...

Donald Trump has vowed to end de-dollarization, a phenomenon that has repeatedly wounded the US dollar ever since the currency dynamics began to spread out. The US dollar is now surrounded by credible foes and enemies who want to establish their own supremacy by detailing the dollar’s prestige. Will the American currency be able to withstand the test of changing global dynamics? The scenario points towards a negative stance, indicating that the phenomenon of de-dollarization is indeed unstoppable. Also Read: Pi Network (PI) Predicted To Hit New Peak Of $6.54: Here’s When 3 Reasons Stating Why De-Dollarization Cannot Be Stopped 1. Rising Geopolitical Changes Nagging The US Dollar Source: Watcher Guru The geopolitical narratives are now increasingly taking a new turn. With nations coming up with their dynamics, infrastructures, and orders, their need to rely on USD for further help seems to be dissipating with each passing day. At the same time, alliances like BRICS and ASEAN are no...

The BRICS alliance continues to discuss new and alternative payment options to challenge the US dollar on the global stage. Russian Foreign Minister Sergey Lavrov confirmed that the alliance is looking to create a trans-border payment initiative. The idea is being discussed at the initiative of Brazil, which will host the 17th summit in Rio De Janeiro on July 6-7, 2025. Brazil will chair the upcoming summit to promote reform in global governance. Also Read: BRICS: Russia Explores Major Partnership With the U.S. BRICS vs the US Dollar: Alternative Payments Being Discussed Source: Cryptopolitian.com Suggestions to create a trans-border payment initiative are being floated by Brazil and could discuss the prospects at the upcoming summit in July. BRICS is looking for a payment settlement other than the US dollar and usher into a new global financial infrastructure. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: De-Dollarizat...

The de-dollarization agenda is advancing globally as like-minded countries are settling trade in local currencies and not the US dollar. In the latest, Russia and Kazakhstan mutually paid 80% of their trade in national currencies sidelining the US dollar. The development has strengthened ties between the two neighboring countries and are now aiming to continue the process. The move will add strain on the US dollar’s prospects as nations sideline it for cross-border transactions. Also Read: 5 US Commercial Sectors To Be Affected If De-Dollarization Advances Read here to know how many sectors in the US will be affected if the de-dollarization agenda grows stronger globally. The USD could lose out on the global supply and demand mechanism in the currency markets. If the demand for the USD dips, the American economy could face inflation where the costs of daily essentials could skyrocket. Also Read: Amazon Stock: Buy AMZN, Target $270 to $285 Amid AI Boom De-Dollarization: Russia & Ka...

The latest report from the Economic Times indicates that demand for the US dollar is rising in foreign banks despite the BRICS alliance aggressively pushing the de-dollarization agenda. The US dollar is gaining strength in the currency market as the DXY index reached an all-time high of 107.06. However, the USD is cooling down after hitting a peak and is currently trading at 106.55. Also Read: BRICS Countries Gain Influence Over G20 The BRICS agenda of toppling the US dollar is failing as their local currencies are reaching all-time lows. The Indian rupee has fallen to its lowest price point of 84.47 this week as the USD is strengthening in the charts. Even the RBI intervention failed to save the Indian rupee from crashing. The Chinese yuan has also fallen to a seven-month low against the greenback. Also Read: 4 New Countries Show Interest To Join BRICS Alliance BRICS: US Dollar Gains Demand in the Currency Market Source: Freepik.com The deprecation of local currencies is making foreig...