BRICS Realize They Cannot Challenge the US Dollar
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The US dollar started 2025 with a significant surge, outperforming local currencies of BRICS countries. The DXY index, which tracks the US dollar's performance, surpassed the 110 mark. The US markets are optimistic about Trump’s re-election potentially boosting America's economic prosperity. However, this Optimism is not shared by developing countries, as their local currencies are struggling against the strong US dollar. The BRICS alliance, which initiated the de-dollarization agenda, is now facing pressure from the US dollar. For instance, India’s rupee has fallen to a lifetime low of 86.68, with predictions of further decline to 90-92.
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