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De-dollarization has now become a raging phenomenon, the one that vehemently pushes the US dollar to encounter new lows. The phenomenon is now being aggressively considered by a majority of global nations, who are trying their best to put their currency forward or introduce new payment mechanisms to counter dollar supremacy. It seems as if the currency dynamics are also evolving rapidly, with accommodation elements supporting the US dollar’s demise. With Trump’s rampant US tariff policies coupled with the dollar’s increased weaponization, here are the 20 leading reasons why nations are now pushing the dollar to a corner. Also Read: Top Crypto to Buy Now as Ripple Eyes Circle Acquisition 20 Reasons Promoting De-Dollarization 1. Geopolitical Concerns Sparking Anti US Dollar Drives Source: Watcher Guru The leading reason that kick-started the de-dollarization phenomenon would always be the US dollar’s dominance and its ability to sanction other nations. At the same ...

The US dollar has constantly been touted as an active force spurring its own demise. One of the recent statements made by Rosneft CEO Igor Sechin has caught the public eye, where the CEO was noted making comments reflecting on the dollar’s declining prestige and the fact that its usage as a sanctioning tool has helped alternate currencies gain incredible market momentum. Also Read: Ripple: Will XRP Claim $3 Around Christmas 2024? Sanctions Made Dollar Weak Source: Shutterstock The CEO of Rosneft, Russia’s biggest oil firm, was recently documented attending the Doha Forum, where Sechin made statements regarding the declining US dollar stats. The Rosneft CEO primarily touted the dollar’s keen usage as a sanctioning tool as the primary reason for its doom, adding how its consistent use as a sanctioning tool has compelled other countries to search for able and competent currency competitors. In this wake, currencies like the Chinese Yuan have gained significant traction per Sech...

Donald Trump is all set to become the next president of the United States. Trump’s crowning is officially scheduled for January 20, 2025, marking a new era of US politics to encounter and experience. This phase is associated with many things, primarily the revival of American legacy and its lost luster and glory. For this purpose, the president-elect has vowed to protect the US dollar at all costs. At the same time, Trump has promised to subdue forces that may erode the US dollar, including curbing the global de-dollarization processes, to ensure the longevity of the USD as an international reserve currency. But contrary to this belief, Trump’s power-packed policies may deflate the US dollar’s value. Here’s how it may happen. Also Read: Dogecoin To Hit $0.82: Doge To Surge 120%, Here’s When Two Reasons Why the US Dollar May Dip Under Trump’s Rule 1. Tariffs Imposed By Trump Source: MarketWatch Trump has pledged to impose taxes on nations moving away from the dollar. The pres...

The Indian Rupee is facing the onslaught of the US dollar in the currency market this week. INR fell to a new low of 83.73 against the USD on Friday’s closing bell raising fears of a further decline. The record slip sent shockwaves across the Indian export and import sector as trade and commodities will turn costly. Also Read: Morgan Stanley Provides New Gold Price Prediction For 2024 Source: Google The strengthening of the US dollar is making local Asian currencies worried that their economies could face severe challenges. The DXY index, which tracks the performance of the USD shows the currency above the 104.30 mark. If the Indian Rupee declines further, the cost of daily essentials will rise across the country. Also Read: BRICS: Sanctions Turning Chinese Yuan as Main Currency, Not US Dollar Currency: Indian Rupee Falls To New Lows Against the US Dollar Source: compareremit.com While the Indian rupee fell to 83.73 on Friday, it briefly surged on Monday’s opening bell ...

The DXY index, which measures the performance of the US dollar shows it hovering around the 106.28 mark. The USD rose by 0.12 points during the opening bell surging 0.12% on Monday. The US dollar is the top-performing currency in the market this week and outperformed all leading currencies like the Pound Sterling, Chinese Yuan, Indian Rupee, and Japanese Yen. Also Read: Copper Is the New Gold: Commodity Investors Flock to It for Profits Apart from the US dollar, gold and copper prices are also skyrocketing in the charts this year. The gold’s XAU/ USD index is aiming to reach $2,500 while copper prices could soon hit a new milestone of $10,000. So why are these assets dramatically surging in price in 2024? In this article, we will explain why the US dollar is rising this year. Currency: Why is the US Dollar Rising? Bank of America Analyst Explains Source: iStock The Federal Reserve’s stance of not cutting interest rates made the US dollar surge in price early t...

Silver is also experiencing a notable price hike amid the recent gold rush. The metal has finally broken its consolidation phase, embracing bullish momentum and pace.  Silver has long been stuck in a consolidation phase, portraying a reluctant stance on its price threshold. However, with the growing demand and the metal’s prestige growing stronger, the price of silver has finally broken past several resistance levels to reach $27.3 at press time.  Also Read: Currency Wars: Declining USD Bolsters Prospects for Gold and Silver Why is Silver Rising?  Image Source: Unsplash The financial markets around the world are undergoing a dynamic shift. With user sentiment shifting towards accumulating robust metals as a hedge against inflation, the prices of gold and silver are touching new highs.  Silver is up $27 an ounce, while gold price sits at the $2300 threshold. The demand for these metals has grown tremendously as users are now transitioning tow...