BRICS: JP Morgan Predicts the Future of the U.S. Dollar

[Bilal Mahmud المكافح المخلص]

The world’s leading bank and financial institution, JP Morgan, analyzed the de-dollarization efforts initiated by the BRICS

alliance. The U.S. dollar is at risk of losing its global reserve status as BRICS countries use local currencies for trade settlement. In a recent analysis, JP Morgan predicted the future of the U.S. dollar after facing threats from the BRICS bloc. The institution studied the risk of de-dollarization across the world as other currencies look to become the global reserve.

Full article:  BRICS: JP Morgan Predicts the Future of the U.S. Dollar (watcher.guru)

[Bilal Mahmud المكافح المخلص]

Kofi Bilal Mahmud Eid AlFitr 1443 A.H.

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JPMorgan flags some signs of emerging de-dollarisation

JP Morgan Flags Some Signs Of Emerting De-Dollarisation...

LONDON, June 5 (Reuters) - Signs of de-dollarisation are unfolding in the global economy, strategists at the

biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future.

The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking system have seen a fresh push by the "BRICS" nations, Brazil, Russia, India, China and South Africa, to challenge the dollar's hegemony.

Full article:  JPMorgan flags some signs of emerging de-dollarisation | Reuters