BRICS against dollars: Will the US dollar survive? Morgan Stanley clarifies

BRICS against dollars: Will the US dollar survive? Morgan Stanley clarifies

A global financial storm brews itself over the foreign exchange markets, while Brics extends the claws against the dollar dominance. The mighty alliance from Brazil, Russia, India, China and South Africa, or Brics for short, urges you to de -enamellization and asks other development nations to leave the dollar aside and use local currencies for trading. This strategy aims to boost your domestic economies and strengthen the position of their currencies on the foreign exchange market.

The finance giant Morgan Stanley steps on the stage between these future-oriented movements and releases his forecasts of the fate of the US dollar. Despite the storm clouds that Brics conjure up, Morgan Stanley remains optimistic. The analysts of the renowned investment bank house predict that the American dollar will continue to set the tone. Because when the markets falter, investors are looking for protection in the stable port of the US dollar, not in the uncertain terrain of the Chinese Yuan.

Money storm: Morgan Stanley's declaration of war against DEDOLARITION

While the global economy may be steers into a recession and the stock markets stumbling, investors are pleading around the American green. "What currency do you want to have in your possession when the global stock markets begin to fall?" Asks James Lord, head of the foreign currency strategy at Morgan Stanley. The answer is clear: the US dollar remains the unbeaten choice. Supported by global trade, the dollar endures the storms of the markets better than any other currency, say the experts.

But what does that mean for the daily Amerian? If the dollar really loses importance in global trade, the price could be high in your own country - in literal dollars and cent for everyday goods. Morgan Stanley's confidence, however, continues: the US dollar will continue to serve as an economic anchor in stormy times. An epic currency war has flared up, but Morgan Stanley is ready to keep the flag of the dollar up.