US dollar soaring: BRICS countries fight against price collapse!

US dollar soaring: BRICS countries fight against price collapse!

Exciting developments in the global currency market: Despite the BRICS alliance's aggressive de-dollarization strategy, demand for the US dollar in foreign banks is increasing. According to a recent Economic Times report, the dollar hit an all-time high with a DXY index of 107.06 before declining slightly to 106.55. As BRICS currencies, including the Indian rupee and Chinese yuan, continue to plunge, the dollar is benefiting from its strength. The rupee fell to a record low of 84.47 and India's central bank intervention failed to halt the fall. The yuan also hit a seven-month low against the dollar.

The devaluation of local currencies is driving foreign banks to hoard the US dollar in their reserves. The reason for this is the higher returns that the dollar offers compared to the BRICS currencies. President-elect Trump also plans to protect the dollar's international dominance with a series of measures. Among other things, a trade tariff of 100% is being discussed to ward off damage from emerging countries. Analyst Boris Mezhuyev comments: "Trump will crack down on the BRICS alliance to keep the dollar intact. This is part of his strategy to weaken the non-Western world order."

Trump and the US dollar: Defensive measures in the pipeline

Mezhuyev further predicts that Trump wants to destabilize the BRICS alliance and destroy the dedollarization agenda. A fragmented world order is seen as the goal of future US policy. “He will act decisively and be more effective than the previous administration,” the analyst said. These developments are making headlines and drawing global attention to the U.S. political stage and financial strategy, while planned measures to secure dollar strength are making international waves. All of this in the midst of a time when the global economic balance of power is shifting.