BRICS: Standard Chartered, Deutsche Bank Predict US Dollar's Future
Amid the ongoing BRICS de-dollarization agenda, global leading banks Standard Chartered and Deutsche Bank provided the latest insights on the US dollar’s future prospects. The two banks remain bearish on the greenback due to various macroeconomic factors. The trillion-dollar banks are now questioning the profitability of US-backed financial assets on a global scale. Also Read: BRICS: US Hits India Where It Hurts Them the Most: Remittance Tax The US-backed assets, especially the dollar, which was once the bedrock of all global finances, is slowly drifting away after BRICS kick-started the de-dollarization initiative, and Standard Chartered and Deutsche Bank are taking notice of the drastic changes that occurred in the markets since three years. Also Read: BRICS: 5 Countries Pay 93% of Trade in National Currencies BRICS: The US Dollar’s Future Is in Danger, Say Standard Chartered & Deutsche Bank Source: Freepik.com Standard Chartered & Deutsche Bank wrote in their latest repor...