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BRICS Anti-America Strains Rise as JP Morgan Predicts US Dollar Future
Despite de-dollarization campaigns, JPMorgan says the U.S. dollar’s dominance remains entrenched for decades to come.
JPMorgan’s Dollar Dominance Outlook
JPMorgan analysts argue that the U.S. dollar’s global supremacy is not easily displaced. Their research points to deep and liquid capital markets, rule of law, predictable legal systems, and robust USD liquidity as foundations of dollar dominance.
While dollar reserves fell from 73% in 2001 to 58.4% in 2023, the share has stabilized since 2021. JPMorgan concludes that fears of a rapid U.S. dollar collapse are overstated, saying erosion of its role would take decades, not years.
Trump’s Escalating Anti-BRICS Stance
President Donald Trump has sharpened rhetoric against BRICS nations, threatening 100% tariffs on countries moving away from the dollar. His approach toward India has been particularly volatile, swinging from labeling it a “dead economy” to reaffirming U.S.-India ties.
These tensions highlight the political flashpoints driving speculation about dollar stability, even as structural realities keep the greenback secure.
BRICS Push for Alternatives
Despite JPMorgan’s confidence, BRICS nations continue to pursue alternatives:
- Russia and China are expanding non-dollar payment systems.
- India is extending its digital payment network to regional partners.
Still, JPMorgan cautions that fragmentation of international payments is a bigger near-term risk than outright de-dollarization.
Market Reality vs. Political Rhetoric
Financial voices emphasize the gap between BRICS ambitions and global trade realities.
Ted Jenkin, CEO of oXYGen Financial, noted: “With the exception of Europe, the dollar is the most widely used currency by far around the world.”
Even China, while cutting U.S. Treasury holdings, increased purchases of other U.S. securities, signaling continued reliance on dollar assets.
According to the Federal Reserve, 60% of international claims remain dollar-denominated, unchanged since 2000 and far above the euro’s 20%.
Why This Matters
While BRICS nations push for de-dollarization, the U.S. dollar remains the cornerstone of global finance. JPMorgan’s analysis suggests that structural advantages, institutional trust, and widespread usage ensure its dominance will endure well beyond today’s political disputes.
@ Newshounds News™
Source: Watcher Guru
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