China News by Thebittimes.Com

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...

Goldman Sachs analyst has provided a gloomy prediction for the US dollar as BRICS aims to topple the US dollar from the world’s reserve currency. The US dollar is the worst-performing currency in the forex markets as the DXY index dipped below the 100 mark. It hit a low of 98.06 after falling from a high of 109.40 early this year. The greenback has dipped nearly 9% year-to-date and eight out of nine leading currencies outperformed it in 2025. Also Read: BRICS Makes Huge Announcement On New Payment System Source: MarketWatch BRICS: Goldman Sachs on The US Dollar’s Future: ‘Weakness Is Here To Stay,’ Says Analyst Source: iStock Kamakshya Trivedi, Head of Global FX at Goldman Sachs said that the US dollar’s weakness is here to stay. Trivedi explained that the geopolitical winds have changed as emerging economies are now looking at their own benefits similar to how the US does on foreign policies. The Goldman Sachs analyst remains bearish on the US dollar as B...

Goldman Sachs is reportedly seeking a key role in both BlackRock and Grayscale’s Spot Bitcoin ETT. According to a report from Coindesk, the investment bank is seeking to become the “authorized participant” (AP) for the investment product if it receives approval from the US Securities and Exchange Commission (SEC). The role of an AP remains one of the most important for exchange-traded funds. Specifically, it consists of the creation and redemption of ETF shares to make sure products are traded in conjunction with the specified asset. Alternatively, Goldman Sachs is among other finance giants such as JP Morgan Chase to take on the AP role for other prospective issuers. JUST IN: Goldman Sachs in talks to become an authorized participant for BlackRock's & Grayscale's Spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) January 3, 2024 Also Read: SEC & Exchanges Meet for Final Comments on Spot Bitcoin ETF s Goldman Sachs Seeking AP Role for Spot B...