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The de-dollarization movement has seen steady growth over the last decade. The BRICS bloc of nations (Brazil, Russia, India, China, and South Africa), along with its newer members, such as Iran and the UAE, have expressed the desire to move away from the US dollar. The USD continues to dominate global trade, but the sentiment of the dollar reigning supreme is fading. Also Read: JP Morgan CEO Warns: 50% Chance of U.S. Recession in 2025 Will Tariffs Further Push The De-Dollarization Agenda? Source: Watcher Guru Tariffs lead to an increase in trade costs. The move could lead to countries looking for an alternative to a US-based system. This aspect of tariffs may lead to more nations moving away from the US dollar. Tariffs could accelerate the de-dollarization movement. Also Read: Top 3 Cryptocurrencies To Watch This Weekend While the threat of countries moving away from the US dollar is growing, President Trump has stated that countries attempting to push the de-dollarization movement wil...

Donald Trump, the president-elect of the United States, is tightening efforts to curb de-dollarization. The Trump regime is stringent towards protecting the US dollar’s prestige and is now delivering warnings to nations that have been working in tandem to ditch the US dollar. As Trump issues a call to protect the USD, his strict stance has also been comprehended by analysts as a narrative that may backfire, pushing nations further to find an alternative currency instead of embracing the US dollar. Will alliances like ASEAN and BRICS succumb to this pressuring development? Also Read: Shiba Inu: New Forecast Claims SHIB Hitting $0.00007, Here’s When? Trump Warns Nations Ditching The US Dollar Source: Watcher Guru Trump, in his latest tweet, has issued a serious warning against nations that are building dubious narratives against the US dollar. Trump shared how he will be imposing 100% tariffs on BRICS nations that are building a new currency system to challenge the USD, putting a st...

A handful of hedge funds in Asia are among the ones that are massively accumulating the U.S. dollar’s latest dip. The DXY index, which measures the performance of the U.S. dollar shows the currency crashing to the 104.20 mark on Thursday. The development made the markets jittery as local currencies strengthened against the USD.  Also Read: BRICS: IMF Confirms US Dollar Is in Jeopardy Source: MarketWatch However, the latest data shows that currency investors purchased the U.S. dollar during the dip taking long positions. Surprisingly, even leading Hedge Funds in Asia accumulated the U.S. dollar to make the most out of the recent price dip. Also Read: Chinese Yuan Climbs 14.70% Against the US Dollar Since 2005 The U.S. dollar is now at its one-month low and shed most of the gains it generated in Q1 of this year. The USD first dipped after the jobs data was released by the Labor Department last...

The winds of change are now supporting the US dollar, as the American greenback has emerged victorious amid the recent brewing currency wars. The new currency contenders, including the Kenyan Shilling and Nigerian Naira , are losing their strength against the USD , tanking to new lows in the latest development. Also Read: US Dollar Hammers Chinese Yuan, Indian Rupee & Japanese Yen KSH and Naira Hit New Lows Against the USD Image Source: Watcher Guru The Kenyan shilling, which was outperforming the dollar in March and early April, has now taken a stark turn. KSH is currently being exchanged at 131.44 shillings, noting a significant low against the USD in recent times.  “Data from the Central Bank of Kenya shows that one dollar was exchanging at 131.44 shillings by the end of last week, representing a fifth straight day of weakening for the local unit since April 11.” Additionally, the rise of KSH has been dubbed temporary. It has been referred to as a weak ...