Brics in the terminal: US dollar dominates and dollarizes dreams burst!

Brics in the terminal: US dollar dominates and dollarizes dreams burst!

The drama around the US dollar continues! The BRICS alliance, which wanted to advance the reduction in dollarization with great hopes, is now under heavy pressure. The dollar remains undisputed in 2025, while local currencies weaken. A true tragedy for the Indian rupie, which fell to a record low of 85.93 and is about to break through the 86 mark. The same thing happens to the Chinese Yuan and the Japanese Yen-no chance against the strong Greenback, as Watcher.guru reports .

The USD is currently climbing heights of 109.30 in the DXY index and already flirted with its all-time high of 109.53. Local currencies of the BRICS countries seem to be powerless against this rush. At the beginning of January there was the first upswing for the dollar: a decline in weekly initial applications to unemployment help in the USA gave hopes on the job market. In addition, fed governor Christopher Waller promised falling inflation rates for 2025. These developments continued to inspire the dollar and seriously damaged the reduction plans of Brics, according to a current report on watcher.guru .

The Brics Block is now fighting against the dollar dominance, but this shows no signs of weakness. The dream of the reduction threatens to move far away, while the dollar is triumphant.

-transmitted by West-Ost-Medien