BRICS will push through de-dollarization regardless of Trump’s win
Source Cryptopolitan
BRICS reacted to the US 2024 presidential election results. The alliance signals the continuation of de-dollarization despite Trump being in the White House.
The President of the Brazilian analytical agency CMA, Jose Juan Saches shares that BRICS has no intentions of changing its direction after Trump takes over in January 2025.
He said in response to an inquiry about the BRICS future;
We can approach this issue from two perspectives: economics and politics. From an economic standpoint, the development of which depends solely on the global market situation, there will be no issues”
On the other hand, Putin said he no longer aimed to dethrone the US dollar after Trump made a comeback as President of the United States.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
The EUR/USD pair is trading lower on Wednesday, giving away some gains following a 1.3% rally over the last three days.
As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting.
Australian Dollar extends winning streak following improved PMI dataThe Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the fifth consecutive day. The AUD/USD pair is reaching fresh eight-month highs above 0.6600 following the release of Australia's preliminary Judo Bank Purchasing Managers Index (PMI) data.
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the fifth consecutive day. The AUD/USD pair is reaching fresh eight-month highs above 0.6600 following the release of Australia's preliminary Judo Bank Purchasing Managers Index (PMI) data.
ECB is on track to leave its key interest rates unchanged after its July policy meeting, after having reduced rates at each of its last seven meetings.
