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BTCC / BTCC Square / Global Cryptocurrency /
Dollar Demand Surge from Oil Companies Pressures Emerging Market Currencies

Dollar Demand Surge from Oil Companies Pressures Emerging Market Currencies

Author:
Global Cryptocurrency
Published:
2025-08-04 20:21:02
15
2
BTCCSquare news:

Global oil refiners are increasingly demanding USD settlements, rejecting local currencies in a MOVE that propelled the DXY index to 100.20 in August—its first triple-digit reading since May 2025. The Indian rupee bore the brunt, sliding 2.7% monthly against the greenback.

Trump-era tariffs on India and Brazil briefly reversed the dollar's gains, with DXY retreating to 98.80 this week. The petroleum sector's dollarization trend underscores fiat currency vulnerabilities—a structural tailwind for crypto's borderless value proposition.

|Square

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