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Showing posts with the label trade wars

BRICS: US Risks Losing $7.5 Trillion Worth of Asian Assets

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The BRICS alliance and all Asian countries combined have an investment worth $7.5 trillion in US assets, including bonds. For decades, the global financial gameplay was simple and very easy to understand. Asia had an effortless strategy where they sold goods to the US, and in return, invested the proceeds into American financial assets. Things are now changing under the Trump administration after the US President mended the smooth flow of global trade. Also Read: BRICS: Tanzania Issues Major Update on US Dollar Ban The tariffs and trade wars have rubbed emerging economies the wrong way and things could turn worse if BRICS and other Asian countries put their nations first and not depend on the US assets for financial benefits. The unwinding of the $7.5 trillion has already started on a smaller scale, said some of the world’s biggest money managers to Bloomberg. The money managers revealed that if the US fails to stop the outflow, the future would be bleak. BRICS: $7.5 Trillion Asian Ass...

BRICS: US Dollar Falls Against 8 Currencies in 2025

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The latest data from Reuters shows that the US dollar fell against eight out of nine leading currencies in 2025. While leading currencies weakened after Trump won the election in November, things took a U-turn after he was sworn in this January. Trump repeatedly threatened BRICS and other countries with trade consequences through tariffs if they ditch the US dollar. Also Read: BRICS: Analyst Reveals If the US Dollar Can Maintain Its Dominance The US dollar dipped against all major currencies this year but only outperformed the Canadian dollar by a small margin of 0.1%. While the BRICS alliance could not topple the US dollar, the greenback is now damaging itself from within through tariffs. Below is the list of leading currencies that the US dollar has dipped in 2025: Swedish crown -8.6% Norwegian crown -6.5% Japanese yen -6.2% Euro -5.7% British pound -3.6% Swiss franc -2.6% New Zealand dollar -2.44% Australian dollar -2.03% Also Read: BRICS: New Country Plans to Reduce 25% of Trade Wi...

Top 3 Cryptocurrencies To Buy During The Current Market Dip

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The cryptocurrency market has struggled to gain momentum for most of this year. Bitcoin (BTC) is trading at levels not seen since November 2024. The global crypto market cap has dipped 6.1% in the last 24 hours to $2.79 trillion. Also Read: ONDO Cryptocurrency to Surge 110% In March Amid TVL Climb? Cryptocurrencies Continue To Bleed Amid Global Trade Wars Source: Watcher Guru The crypto market took a big hit after the US announced that it would impose tariffs on the European Union (EU). The EU has also said it will reciprocate with a similar move against the US. The US has also implemented tariffs against Canada and Mexico. The trade disputes have taken their toll on investor sentiment. Risky assets, such as cryptocurrencies, have seen a significant outflow of capital. Also Read: Shiba Inu Cryptocurrency Price Prediction: 2025 Another Big Year? There have been a few bullish developments within the crypto sphere. The US announced its Strategic Bitcoin Reserve recently. The US also autho...