Local Currency Trade Hits Highs as Dollar Falters
The majority of the world is now moving towards pursuing a local currency trade, an option that has gained significant steam, primarily due to the weakening US dollar. The US dollar, on the other hand, continues to fall, as Trump’s tariff, coupled with the dollar’s unattractive yield appeal, is pushing investors to pursue its alternative. Which nations are embroiled in regional trade, and why is that happening? Let’s find out. Also Read: Morgan Stanley Sounds Alarm: Dollar Could Tumble 10% by 2026 Local Currency Is Ruling the World Source: Freepik.com The US dollar has long been considered a leading global currency. However, with the USD’s constant weaponization and power struggles, the currency has now downsized significantly, with its purchasing power down to new lows. In the middle of it, the world is now favoring a new narrative, as a multipolar currency order threatens the dollar’s active status. The latest development comes in the form of an LFTC network, spearhe...