US dollars in a high flight: Brics countries fight against the course of the course!

US dollars in a high flight: Brics countries fight against the course of the course!

Exciting developments on the global currency market: Despite the aggressive density strategy of the BRICS alliance, the demand for the US dollar in foreign banks increases. According to a current report by Economic Times, the dollar reaches an all-time high with a DXY index of 107.06 before it went back to 106.55. While the currencies of the BRICS countries, including the Indian rupie and the Chinese Yuan, continue to crash, the dollar benefits from its strength. The rupie fell on a record low of 84.47, and the intervention of the Indian central bank could not stop the fall. The Yuan also reached a seven -month low compared to the dollar.

The devaluation of local currencies drives 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. The designated President Trump also plans to protect the international dominance of the dollar with a number of measures. Among other things, a 100 % trading custom is under discussion to ward off the damage from emerging countries. Analyst Boris Mezhuyev comments: “Trump will be hard against the Brics alliance to keep the dollar untouched. 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 smash the DEDOLLARITIONATIA. A fragmented world order is the aim of future US politics. "It will be determined and more effective than the previous administration," said the analyst. These developments make headlines and draw global attention to the political stage and the financial strategy of the United States, while the planned measures make international waves to secure the dollar strength. All of this in the middle of a time in which the global economic relationships are shifted.