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Russian President Vladimir Putin gave a recent update about the country’s increasing trade deals with China. Putin reinforced how Russia and China are using local currencies for cross-border transactions while making the US dollar redundant. Ever since the Russia-Ukraine conflict broke out in 2022, the Chinese yuan and Russian ruble have played a bigger role. The move is making other developing countries seek similar deals where their local currencies are used and not the USD. Also Read: Has China Succeeded in Dumping the US Dollar? “I would stress that while trade figures are denominated in US dollar equivalents, transactions between Russia and China are carried out in rubles and yuan, with the dollar or euro share reduced to a statistical discrepancy,” said Vladimir Putin to Xinhua News. The statement comes after the high-level meeting with President Xi Jinping in China. Even India’s Prime Minister Narendra Modi was part of the talks in a joint effort to thwar...

The Chinese government has always made its intent known to the world when it comes to the US dollar. China wants to lead the world, and to do so, it needs to aggressively deploy methods to internationalize the Chinese Yuan. As the US dollar continues to weaken due to Trump’s fierce tariff policies, the time is ripe for China to strike. Here’s what China may end up doing if the US dollar continues to weaken in the future. Also Read: Goldman Sachs: De-Dollarization Forecast Spurs New Financial Trends The American Currency is on the Verge of Collapse Source: Watcher.Guru Ray Dalio, the seasoned economic expert and head of Bridgewater’s Associates, had recently issued a stark warning for the US economy. Talking about his prediction in detail on X, Dalio shared how the US economy is moving towards a state where a financial heart attack may wreck the US economy. Dalio’s emphasis was on the rising US debt situation and how it may end up diluting the US economy, leading it to ...

The US dollar forecast for the next 6 months reveals some pretty concerning weakness ahead, and right now, the greenback is facing mounting pressures from multiple directions. After hitting a three-year low at 97.60 last week, the US Dollar Index has lost nearly 10% since early 2025, which is quite significant. The key technical indicators reveal that the currency faces critical support at 95 and 90. At the same time, Fed rate cuts predictions for 2025 and the rising de-dollarization trend may take the USD index forecast even lower. The situation with inflation is also unclear since calibration of world currencies is gaining pace (US inflation in May, for example, reached 2.4%) and many of the key banks are forecasting that the problem will continue. Source: Bank of International Settlements Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons How Slowing Growth, Inflation & Rates Impact USD Outlook Source: Watcher.Guru Critical Support Level...

At the BRICS Forum Trade in Brazil this week, Nigeria’s House Committee on Foreign Affairs, Wole Oke, called on all global alliances to stand united and join the force to topple the US dollar as the world’s reserve currency. The Foreign Minister also said that BRICS must start trading in local currencies and other alliances will follow suit. He called for the African Union, the ASEAN bloc, MERCOSUR, and all other global alliances to join hands with BRICS and settle trade in local currencies and not the US dollar. The call to uproot the US dollar is growing lately with emerging economies looking to cut ties with the greenback. Also Read: BRICS: 71 Countries Settled Trade Without the US Dollar “BRICS is not a closed club. Let’s work with the African Union, ASEAN, and MERCOSUR to shape a new global trade order that is fair and inclusive,” he said to Punch Newspaper. Oke said that the traditional way of the financial sector must end ushering the world into a new era of finances. The ...

Can America survive de-dollarization as various major global powers spearhead challenges to US dollar supremacy right now? Recent developments have accelerated capital flight from America while numerous significant threats of US dollar collapse revolutionize financial markets. The loss of reserve currency status would catalyze massive de-dollarization impact, yet America survive de-dollarization remains achievable through several key strategic adaptation initiatives and also optimized policy moves. The United States faces its most serious monetary challenge since Bretton Woods architected the global financial system back in 1971. Financial markets have pioneered a pricing model incorporating reduced confidence as investors question whether the US dollar’s dominance can withstand mounting pressures from emerging economies and also various major trade conflicts that seem to transform weekly. Also Read: Gold Could Hit $4,000 as US Dollar Weakens, Experts Warn How De-Dollarization, Ca...

The US dollar has crashed to a six-week low as trade tensions escalate and treasury yields continue rising, and this has also prompted Treasury Secretary Scott Bessent to reassure markets that America will never default on its debt obligations. The dollar index has been under severe pressure as Federal Reserve policies and mounting economic uncertainties weigh heavily on the US dollar’s performance in global currency markets right now, and also creating concerns among investors. Source: TradingView Also Read: De-Dollarization: New Country Joins New Development Bank (NDB) to Drop US Dollar Trade Tensions and Treasury Yields Pressure US Dollar Stability Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as the debt ceiling looms – Source: Fox News The US dollar’s recent plunge reflects growing concerns about trade tensions and their impact on America’s economic outlook. Treasury yields have surged alongside these tr...

The DXY index, which tracks the performance of the US dollar has been failing to climb above the 100 range for two months. The greenback is failing to hold on to its resistance level and is slipping back to the 98-99 range after it touches the 100 mark. On the other hand, local currencies are rising in the charts and delivering better performance than the USD. The BRICS currencies are also surging in value, and taking the recent developments into consideration, Morgan Stanley has painted a bearish picture for the US dollar. Source: MarketWatch As BRICS looks to uproot the US dollar, leading global investment bank Morgan Stanley has predicted that the US dollar could decline by another 9% in the indices. The forecast estimates that the greenback’s DXY index could fall to the COVID-19 level low. The global bank wrote that the greenback could fall to the 91 level next losing considerable value. That’s a five-year low and is a steep decline despite the market recovering from the...

De-dollarization is gaining momentum in Asia as major companies are turning their backs on the US dollar and demanding local currencies instead. Large corporations and institutional funds are placing bets on local currencies and not the world’s reserve. The latest data from Bloomberg shows that firms are receiving more requests, including hedges that sidestep the US dollar. Also Read: Ethereum Pectra Upgrade Price: ETH Surges 18% to $2,200 De-Dollarization: Companies Want Local Currencies, US Dollar Getting Sidelined Source: Reuters / Getty Images Local currencies such as the Chinese yuan, Hong Kong dollar, Emirati dirham, and the euro are gaining momentum. In addition, a bank in Indonesia is setting up a desk to disburse loans in the Chinese yuan and not the US dollar. Another data shows that the vast majority of foreign-exchange trades that have been using the US dollar are shifting towards local currencies. De-dollarization gained wings in 2025, and local currencies are slowly ...

The currency wars have now intensified, with the US dollar being bitten and gnawed from all nooks and corners. The dollar is currently losing its mettle in the forex market, as new competitors emerge to rattle the USD. The US tariff ordeal has already weakened the US dollar. The fact that the American currency is now at risk of losing its reserve currency status is also an important issue that is gaining traction in recent times. The multipolar currency world is also threatening the US dollar, with other currencies eyeing the reserve status due to the USD’s continued weaponization and increased institutional hegemony. Here’s how the American currency is being dumped globally right now. Also Read: Dirham Stablecoin Launch by IHC, ADQ & FAB Eases UAE Crypto Risks Three Ways Through Which Nations Are Moving Away From The USD 1. Nations Diversifying Into Gold Source: Watcher Guru The price of gold has hit a record high, as nations continue to hold gold in large quantities. The move ha...

India first grouped with its BRICS members and sought to find an alternative to the US dollar for cross-border transactions. The Modi-led government then took a U-turn after Trump won the White House and threatened to impose trade tariffs. As the tariff threats grew stronger and Canada, Mexico, and China faced the heat, India slowly backtracked from the de-dollarization agenda. The first move was to protect its economy from tariffs as it could impact the country’s imports and exports sector. Also Read: Illinois Analyst Predicts If BRICS Currency Can Replace the US Dollar BRICS: India & the US Dollar Source: Reuters / ShutterStock Foreign Minister S. Jaishankar made multiple statements this year citing that India has no plans of advancing the de-dollarization agenda. The U-turn comes after Trump’s threats of tariffs forced them to backtrack on the ideology. Read here to know how India not only rejected de-dollarization but also embraced the US dollar. India contradicted the B...