BRICS: US Dollar Remains in High Demand, De-Dollarization Failing

The BRICS confederation which kick-started the de-dollarization docket is present nether the mercy of the US dollar successful 2025. The US dollar remained successful the greenish for 9 consecutive days successful the DXY scale and tramping different section currencies. The Indian rupee has fallen to a beingness debased of 85.93 and is connected the brink of dipping to the 86 level. The Chinese yuan and the Japanese yen are facing akin lows and are incapable to instrumentality connected the rising US dollar.

Also Read: BRICS Makes Huge Announcement connected Common Currency

Source: Google

The US dollar singlehandedly outperformed each section currencies successful 2025 taking the apical spot successful the currency markets. The USD has present reached a precocious of 109.30 successful the DXY index and could breach its all-time precocious of 109.53. The currencies of BRICS members are the hardest deed contempt the confederation pushing the de-dollarization docket to bring the US dollar down.

Also Read: BRICS: India Likely Dumping the U.S. Dollar

Source: MarketWatch

BRICS: Here’s Why the US Dollar is Rising and De-Dollarization is Failing

Source: Freepik.com

The archetypal boost to the dollar came successful aboriginal January aft US play Initial Jobless Claims declined to 201,000 from the erstwhile 211,000. The US Department of Labor (DOL) published the report indicating that the jobs marketplace could easiness retired starring to employability. In addition, Fed Governor Christopher Waller made an announcement saying that ostentation could proceed to autumn successful 2025. These 2 events aboriginal this period boosted the US dollar’s prospects and dented the BRICS’ de-dollarization initiative.

Also Read: India Rejecting BRICS Currency, Aims To Promote US Dollar

The BRICS bloc present remains nether unit arsenic section currencies are facing an uphill task to prolong themselves. The raging US dollar is showing nary signs of stopping and is taking the de-dollarization docket by the horns. If the momentum persists, BRICS tin lone imagination of de-dollarization and ne'er marque it a reality. The US dollar has sustained galore whiplashes implicit the past 7 decades and has faced each challenges head-on.