BRICS: Morgan Stanley Says Its 'Time to Sell' The US Dollar
With the BRICS bloc bringing forth a renewed de-dollarization revolution over the past two years, Morgan Stanley has recently stated its belief that it’s “time to sell” the US dollar. Indeed, the greenback has become a center of geopolitics in recent months. US President-elect Donald Trump has threatened 100% tariffs on nations looking to ditch the world currency. The move is rooted in the commitment to maintaining the status of the dollar. However, increased sanctions from the West drove Russia and its BRICS allies to embrace alternative trade settlements. Now at a crossroads, the investment bank has given its opinion on the currency’s outlook. Source: LA Times Also Read: Expert Says Nations Will Eventually Ditch US Dollar Reserves for Bitcoin Morgan Stanley Says Bullish Investors Mean Its Time to Sell The Dollar With the impending return of Donald Trump to the White House, the US dollar has once again become a focus. During his campaign for reelection, Trump sa...