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BRICS member Ethiopia is in talks with China to convert its $5.38 billion worth of loans from the US dollar into the Chinese yuan. Ethiopia owes China $5.38 billion and plans to settle the payments in yuan-denominated loans. The move would bolster the local currency, giving it more strength in the forex markets. Eyob Tekalign, Ethiopia’s central bank Governor, is in discussions with BRICS member China for a potential swap to pay off loans in the Chinese yuan. Paying in the yuan-denominated loans helps Ethiopia save millions in foreign exchange rates. Paying in the US dollar is a costly affair, and converting the payments to yuan is cheaper. For context, BRICS member India saved close to $7 billion in foreign exchange rates for procuring oil in local currencies. Also Read: What The BRICS Currency Union Means for the US Dollar and Markets BRICS: US Dollar Loans To Be Converted Into Chinese Yuan Source: kitco.com / Shutterstock China is making all moves to internationalize the Chines...

The world is now witnessing a sharp change with the US dollar being sidestepped and overshadowed by local currencies. The majority of the countries are now strengthening their commitment to local currencies, powering local trade routes to evade US sanctions, to the point of ditching them completely. Many nations are using alternatives to the USD to make foreign trade deals, a phenomenon that could end up hurting the dollar in the long run. Also Read: BRICS Moves to Local Currency Trading: BRICS Currency Dead? Local Currencies Like Yuan in Global Energy Trade Are Taking Precedence Source: Watcher.Guru India and Russia have lately been engaging in a local currency narrative, involving the yuan in the majority of their deals. Russia has asked India to pay 10% of its oil payment in yuan, a currency that Russia has long been exploring in depth. As Russia can no longer conduct business in USD, the nation has switched to the Yuan, which continues to benefit the nation in the long run. Similar...

The US dollar future faces unprecedented challenges right now, and many investors are actually wondering why is the dollar falling today. The greenback has dropped about 15% since September 2022, and experts are warning that this decline might signal a bigger structural change in how the world’s monetary system works. Current market conditions suggest the US dollar future may be entering what analysts describe as a “longer-term bear market” that’s being driven by erratic policymaking and also accelerating de-dollarization efforts worldwide. Also Read: China’s BRICS Play: Fuels De-dollarization & Russian Oil to Defy US JPMorgan Outlook, Falling Dollar, And De-Dollarization Risk For More Countries Source: PYMNTS.com Policy Shock Undermines Dollar Confidence The US dollar future turned sharply negative following Trump’s “Liberation Day” tariff announcement on April 2nd, which actually triggered an immediate 10% currency decline. This policy shock b...

Morgan Stanley’s US dollar forecast is actually showing some pretty concerning signs for 2025 and beyond, with analysts predicting the greenback could lose up to 9% of its value over the next twelve months. Right now, this Morgan Stanley US dollar forecast suggests the currency might drop to levels we haven’t seen since the Covid-19 pandemic hit. The latest Morgan Stanley US dollar forecast points to turbulence ahead, but the bank isn’t calling for a complete collapse of the dollar’s dominance. Also Read: 3 MAGA Moves That Could Save the US Dollar’s Future Why Morgan Stanley Is Bearish And What It Means For The Dollar Source: Watcher.Guru Rate Cuts Are Being Expected to Drive Dollar Weakness Morgan Stanley is bearish on the US dollar mainly because of what the Federal Reserve is expected to do with interest rates. The bank thinks we’re going to see around 175 basis points of rate cuts. That typically makes currencies weaker since investors can’t earn ...

The US dollar is currently facing its worst nightmare as the American currency continues to deliver a wobbly stance. The US dollar has struggled to rebound since Donald Trump assumed the reins as the 47th US president, adding more to the USD woes. As Trump resumed his official duties, his deliberate policy shifts and the development of a new economic order through tariffs have pushed the US dollar to new lows. While many analysts believe that Trump intentionally wants a weaker US dollar to bolster exports, the American currency is currently wounded and is hoping for a desperate respite in an ever-evolving financial world. Furthermore, here’s how long the US dollar is expected to fall per recent predictions and Analysis . Also Read: American Hegemony To End Sooner Than Expected, Reich Warns Weak Dollar Analysis: Now What? Source: Watcher Guru The US dollar has been falling relentlessly since Trump assumed the role of the 47th US president. His scathing tariff policies have sparked ...

American hegemony faces an accelerated collapse due to President Trump’s tariff policies, and it’s happening right now, warns former Labor Secretary Robert Reich. The Trump tariffs are triggering a dollar decline that could end the US reserve currency status sooner than expected, also creating massive global economy impact as investors flee Treasury bills and US assets. Also Read: The US Dollar Became America’s Biggest Liability: 88% Rule at Risk Trump Tariffs, Dollar Decline, And The Fall Of US Global Power Source: Watcher Guru Investors Abandon U.S. Assets As Trust Erodes American hegemony is already showing cracks, and global investors are pulling money from US Treasury bills following Trump’s tariff announcements. This dollar decline represents more than just market volatility – it also signals a fundamental shift in global confidence right now. During a recent episode of “The Bottom Line,” Reich warned that when global investors, including Americ...

The CIS-4-US dollar relationship is currently experiencing some rather unexpected challenges as regional economies navigate a complex web of economic crosscurrents. Armenia, Azerbaijan, Kazakhstan, and Uzbekistan are, at the time of writing, largely insulated from the direct impact of US trade tariffs but are definitely not immune to those pesky secondary effects. While domestic macro conditions are mostly in decent shape right now, key factors to watch include trade exposure to China and the EU, sensitivities to oil prices, and also rising inflationary pressures across the CIS-4 US dollar economic sphere. Also Read: VeChain On The Verge Of Overtaking Trump Coin: Here’s When Oil Dependence, Tariffs, And Inflation Cloud CIS-4 Dollar Hopes Source: Watcher Guru Trade Exposure Heightens Vulnerability The direct impact of US tariffs on the CIS-4 should be minimal, given that the US accounts for only about 0.5-2.0% of their exports, while commodities make up approximately 50-95% of their exp...

Russia’s Foreign Minister, Sergey Lavrov confirmed that BRICS has paid more than 65% of trade settlements among member countries in local currencies and not the US dollar. Only around one-third of all trade payments were settled in the US dollar, the minister added. The greenback is declining while local currencies are filling in the void in the forex markets. Also Read: 24 Countries Formally Apply To Join BRICS Alliance in 2025 The significant drop in the usage of the US dollar is alarming as BRICS is primarily using local currencies for cross-border transactions. The US dollar stands at a pivotal time in history where its dominance is being challenged by developing countries. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: Russia Provides Major Update on BRICS Currency Launch BRICS: 65% of Trade Among Members Settled in Local Currencies Source: iStock The dollar’s share in trade settlements is dropping massive...

The US dollar is standing on the brink of a radical change. This change has been ushered in by the rise of a multipolar order, a currency narrative that has been promoting the rise of local currencies, jeopardizing the status of the US dollar. That being said, the US dollar has also been weakening lately due to the rising US tariffs ordeals, speaking to trade war fears. This development has been battering the US dollar, ushering in violent fluctuations and volatility for the currency to encounter. This narrative has also led three financial giants to issue warnings against the US dollar, adding how the USD is now standing on the precipice of a possible collapse. Also Read: Kazakhstan Breaks OPEC Unity—Commerzbank Warns of De-Dollarization! Three Financial Giants Issue Stark Warning to USD Source: Watcher Guru Deutsche Bank, in its latest report, has issued a warning concerning the US dollar. Trump’s tariff orders have led the US markets to face heavy scrutiny, ushering in USD vola...

US President Donald Trump is optimistic that dollar-backed stablecoins will help maintain the US dollar as the leading currency in the world. In a pre-recorded video for the participants of the Blockworks Digital Asset Summit in New York, Trump said he encourages the creation of a legal framework for stablecoins, cryptocurrencies pegged to the value of a stable asset such as the US dollar. “I have called on Congress to pass landmark legislation creating simple, common sense rules for stablecoins and market structure. With the right legal framework, institutions large and small will be liberated to invest, innovate and take part in one of the most exciting technological revolutions in modern history.” He says that stablecoins will enable crypto pioneers to fuel America’s financial growth and strengthen the US dollar’s position as the most dominant global currency. “You will unleash an explosion of economic growth and with the dollar-backed stablecoins, you will h...

The rising tensions between the West and the global South have driven growing geopolitical concerns. With economies preparing for the worst, the BRICS bloc has made a major announcement regarding the US dollar amid President Donald Trump’s 100% tariff warning. During his most recent tirade targeting the alliance, Trump proclaimed that “BRICS is dead.” He noted that the nation seeking to lead a de-dollarization trend in the global economy would face unprecedented import taxes. Now, the bloc has responded, and it could give insight into how far this conflict will go. Source: NY Post Also Read: Trump Threatens Trade War: Warns of 100% Tariffs on BRICS BRICS Speak Up on US Dollar as Trump Tariff Looms Large Less than two months into his second nonconsecutive term as US President, Donald Trump has made his efforts to preserve the dollar one of his most important missions. That is clearly seen in the action he has taken against the BRICS alliance. The group has sought to les...