Chain News Daily Today TheBitTimes.com

The US dollar is currently projecting a softening stance as compared to its global peers. President Donald Trump’s US tariffs have weakened the USD stance, promoting a fresh wave of de-dollarization to gain a hold of the market. This new wave is accompanied by a global ditching of the US dollar and assets while exploring alternative currencies as a hedge to secure one’s returns. In this process, certain currencies are winning against the greenback, delivering fresh blows to the American currency. Which currencies are topping the charts at the moment? Let’s find out. Also Read: De-dollarization: SCO Nations Shift 92% of Trade Away from U.S. Dollar US Dollar To Deteriorate Further Source: Watcher Guru The US dollar is expected to project a low price valuation in the future. This decay may happen gradually due to the rising US tariff tensions and uncertainty that Trump’s policies are subduing the dollar’s winning streak. “Tariff worries, recession risk, and U.S. fiscal policy c...

BRICS is doing everything to puncture the prospects of the US dollar as the White House is accused of weaponizing the currency. The bloc kick-started the de-dollarization agenda and is now convincing emerging economies to trade in local currencies. The alliance has been successful as many developing countries signed trade deals settling cross-border transactions in native currencies. Also Read: BRICS Divided on US Dollar Replacement Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. If the White House fails to import the dollar, the U.S. could enter a new era of hyperinflation. The US dollar needs to maintain its dominant position in the currency markets to make other countries absorb its deficit. Also Read: BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar BRICS: The US Dollar Losing Its Reliability, Say BMO Analysts Source: beincrypto.com Commodity analysts at BMO Capital Markets wrote that the US dollar is losing its...