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The US dollar low is expected this week as the Federal Reserve delivers its interest rate decision and trade tensions keep building up. The US dollar index forecast shows continued weakness below 97.00, and US trade tariffs are threatening to push the USD market outlook even lower right now. The next US dollar low could actually materialize if the Fed maintains dovish signals and also trade negotiations fail by August 1. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons How Fed Decisions, US Trade Tariffs, and USD Market Outlook Shape The Dollar Low Source: Watcher.Guru Fed Decision Maintains Dovish Stance The Federal Reserve is set to keep rates unchanged for the fifth straight meeting, and the US dollar low expectations are being raised as policymakers signal future cuts. The Fed interest rate decision reflects caution over trade uncertainties that could impact the US dollar index forecast going forward. Chair Powell has been emphasizing pat...

The ASEAN alliance has officially released a roadmap to reduce reliance on the US dollar and use local currencies for cross-border transactions between 2026 to 2030. During the recently held 46th summit in Kuala Lumpur, the alliance signed off with a multipolar structure to adhere to until the end of this decade. ASEAN: Roadmap to Uproot the US Dollar Begins From 2026 to 2030 Source: Beawiharta Beawiharta / Reuters / cfr.org ASEAN will not immediately end US dollar dependency but will begin to slowly cut ties from 2026 to 2030. The bloc has embedded this goal in the recently published policy titled ‘Economic Community Strategic Plan 2026–2030‘ . It aims to minimize investments in the US dollar and maximize local currency usage for all deals hereon. Also Read: De-Dollarization: 40% of Foreign Transactions Now in the Chinese Yuan Therefore, from 2026, the local currencies of ASEAN countries could challenge the US dollar in the forex markets. The development could lead to a shi...

De-dollarization is at its peak in 2025 as a handful of alliances are ditching the US dollar and replacing it with local currencies for trade. In a first, The Eurasian Economic Union (EAEU), confirmed that they settled 93% of trade in national currencies sidelining the US dollar. Only 7% of the cross-border transactions among themselves included payments in the US dollar. Also Read: US Power And Dollar Dominance: Cause & Consequence Intertwined The latest data shows that the EAEU alliance settled close to $100 billion worth of trade in 2024. Therefore, $93 billion worth of trade within the EAEU was settled in local currencies last year. Only $7 billion worth of cross-border transactions was paid using the US dollar among the member nations. The development shows that de-dollarization is accelerating at a rapid speed to leave the US dollar behind. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons De-Dollarization Growing Rapidly Within Memb...

Amid its ongoing rise over the last several years, the BRICS economic alliance has made landmark progress in the ongoing GDP race that could have massive implications for the collective. Indeed, the bloc has continued to seek a greater role in the global market. Now, its latest progression has paved the way for that to take place. The BRICS group has not been shy about its hope for a multipolar world. Specifically, it has sought to challenge status quos that have benefited several countries at the behest of others. That focus has not shifted this year. Moreover, it could take a major step forward with the imminent 2025 summit set to be one of its most important. Source: X Also Read: Saudi Arabia Drops BRICS, Inks $600B Strategic Deal With US in 2025 BRICS Hit Groundbreaking GDP Level Amid Ongoing De-Dollarization Motives At the start of the year, tensions began to form between both the US and the BRICS economic alliance. Indeed, US President Donald Trump threatened 150% tariffs on the ...

In another statement against Bitcoin integration on an economic level, the UK Treasury Department says it has no plans to implement a strategic Bitcoin reserve like the US. According to the department’s office, the cryptocurrency’s volatility make it unsuitable for the United Kingdom, a spokesperson said this week. “Bitcoin and other crypto assets have been historically volatile assets relative to stable fiat currencies like the US dollar and commodities, such as gold,” the spokesperson said. The representative added, “This volatility makes BTC less suitable as a reserve asset for the UK.” Yes to US Bitcoin Reserve, No to UK Bitcoin Reserve At last week’s US crypto summit , Donald Trump’s administration established a strategic BTC reserve alongside a “stockpile” for other cryptocurrencies. The US President serving a second term non-consecutive has announced several updates and executive orders favoring the crypto industry. Thus, the industry has more eyes on it than ev...

The Modi government is placing a ledge on the de-dollarization ideals and making way for the US dollar to thrive. BRICS member India has once again rejected the prospects of a new currency and praised the US dollar for maintaining global stability. India’s Foreign Minister S. Jaishankar spoke in favor of the US dollar sidelining the idea of launching a new currency on the global stage. Also Read: The U.S. Dollar is Losing Luster: Reuters Poll India is the only country in the bloc that is moving away from the formation of a new common currency. BRICS members Russia, China, and Iran are aggressively pursuing the agenda to topple the US dollar from the world’s reserve currency status. The alliance is now divided as India is stepping aside and Brazil also revealed that they plan to drop the idea of a BRICS currency. Also Read: US Dollar & Stock Market Weakens as Trump Tariffs Go Live Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for tr...

Speaking live today, US President Donald Trump threatened a potential trade war as he reinforced his 100% tariff threat to the BRICS alliance. Indeed, Trump spoke on the implications of their continued efforts to de-dollarize and settle trade in local currencies. The threat mirrors similar sentiments Trump made throughout his campaign or reelection last year. Indeed, he had already threatened that BRICS would be subject to import taxes if they continued to encourage global trade to be settled outside of the greenback. Now, he has once again reaffirmed those impending consequences. JUST IN: President Trump says "BRICS will be hit if they play with the dollar." pic.twitter.com/BjzPtQNosh — BRICS News (@BRICSinfo) February 13, 2025 Also Read: BRICS: US Trade War, Tariffs Has Global Markets Preparing For The Worst Trump Issues 100% Tariff Warnings to BRICS, “If They Want to Play Games With the Dollar.” Last year, Donald Trump spoke adamantly about the importance of keeping the ...

The de-dollarization initiative is no longer confined to BRICS as other emerging economies are participating in the discussions at the 2024 summit. The outreach session will be conducted on the last day of the summit on October 24, 2024. Topics such as de-dollarization, new trade policies, and the usage of local currencies will take center stage. The nine-member alliance will meet for the first time at the table for discussions after the expansion last year. Also Read: Russia Discusses BRICS Currency Before 2024 Summit Russian President Vladimir Putin confirmed that officials from 40 countries will attend the outreach session at the BRICS 2024 summit. The participants include countries from the Commonwealth of Independent States (CIS), Asia, Africa, Eastern Europe, South America, and the Middle East. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. “On the last day of the summit, there will be a meeting in the BRICS Plus/Outreach...

The US dollar took the top spot of the currency markets this week , outperforming the Euro and Chinese yuan. The DXY index, which tracks the USD’s performance, shows the currency touching 103.10 on Tuesday’s opening bell. The USD is now at a 10-week high as traders bet on a moderate interest rate cut by the Federal Reserve. Also Read: BRICS Advances ‘Multicurrency System’ To Break US Dollar Dominance The Chinese yuan dipped against the US dollar after China’s weekend stimulus announcements disappointed currency and forex investors. China’s fiscal stimulus briefing received mixed responses as the package from the central bank failed at monetary easing. It also failed to reduce economic inflation and fell short of expectations among the investors’ community. Inflation in China grew 0.4%, while it is on a decline in the US at 2.3%. In addition, production in China dipped 2.8%, marking the 24th consecutive month of decline. All these developments bolstered the...

Gold prices are soaring at a rapid pace. The precious yellow metal has touched a new price high of $2640 and continues to leverage the current market momentum to scale new highs. As the metal inches towards a new high of $3000, the rising gold prices signal doom for the US dollar. Here’s how. Also Read: Solana-Based Popcat Hits New All-Time High: $2 Next? Rising Gold Price And Its Connection To The US Dollar Image Source: Watcher Guru A recent post uploaded by Bravos Research highlighted a stark connection between the surging US dollar prices and gold. Per a recent X post uploaded by the portal, rising gold prices have often signaled an economic storm underway, indicative of a possible economic meltdown, which may usher in a strong USD decline. The portal outlined how gold started to surge rapidly in January 2007, a year before the infamous financial crisis of 2008, noting a 50% spike in its momentum. “In January 2007, a year before the financial crisis, gold began trending higher...

BRICS is brewing trouble for the US dollar reserves from all corners after the White House pressed sanctions on Russia in 2022. The alliance has been accumulating gold for two years and diversifying its central bank reserves with the precious metal. In the last 18 months, central banks of developing countries have combinedly brought 800 tonnes of gold. China has purchased a massive 225 tonnes of gold in the last 15 months alone. Also Read: BRICS Prepare to Induct 10 New Countries After 2024 Summit Russia, China, and India are among the top buyers of gold and are driving the prices of the precious metal. “On a year-to-date basis, central banks have bought an astonishing net 800 tonnes, 14% higher than the same period last year,” reported the World Gold Council. This is leading to a fall in the US dollar reserves as BRICS is replacing it with gold in their central banks. Also Read: BRICS: 40 Countries Want To Ditch the US Dollar BRICS: US Dollar-Denominated Central Bank Reserves Fall to...

Donald Trump is a force to be reckoned with in the current US presidential campaign. The former US president’s strong and bold opinions have overtaken the world. In particular, Trump’s stance on the US dollar has been grabbing mainstream attention lately. His latest comments on adopting a tariff strategy to bolster the US dollar may jeopardize the global de-dollarization agenda, with BRICS and ASEAN nations taking the most heat in this global battle for currency dominance. Here are the five ASEAN nations that may suffer if Trump is elected as the president of the United States again. Also Read: Toncoin (TON) Defies Market Trend, Predicted To Hit All-Time High 5 ASEAN Nations To Suffer The Most If Trump Is Elected As US President Image Source: Pixabay ASEAN nations have long been encouraging the de-dollarization narrative. The alliance was busy curating plans to ditch its reliance on the US dollar by conducting trade in local currencies. However, the idea of such nations ditching t...

One of the leading ASEAN nations, Indonesia, may suffer colossal consequences if it pursues the idea of de-dollarization. The nation is highly dependent on the US dollar for multiple purposes. While the collective ASEAN nations are busy curating their currency, launching a currency rivaling the US dollar may significantly backfire, ushering in mayhem for the ten bloc nations. Also Read: ASEAN Unity At Risk Amid Divergent Path Concerns Potential Consequences of De-Dollarization for Indonesia Source: Beawiharta Beawiharta / Reuters / cfr.org Economic Implications ASEAN nations are busy creating their currency systems. This system is being prepared to launch a unified approach to currency dynamics and, at the same time, create a contemporary currency capable of rivaling the US dollar and the euro. Despite its grand ideations, the derailment of the US dollar can prove lethal for these nations as a collective. Indonesia, in particular, can experience stark economic implications that could w...