Analysis News Today TheBitTimes.com

Indian Prime Minister Narendra Modi will visit China later this month on Aug 31, according to a Reuters report. Modi will be participating in the SCO (Shanghai Cooperation Organisation) in Tianjin. The summit is scheduled to be held from Aug. 31 to Sept. 1. The meeting will likely address key issues in global trade right now. President Trump recently announced a 25% tariff on India for its continued purchase of Russian oil. India and China may even discuss de-dollarization plans as anti-US sentiment builds. JUST IN: Indian Prime Minister Modi to visit China. pic.twitter.com/AeA2HO56rA — BRICS News (@BRICSinfo) August 6, 2025 Will China And India Further Push For De-Dollarization? Source: shutterstock The SCO summit will cover discussions on regional security, terrorism, and trade. The meeting will mark PM Modi’s first visit to China since 2019. Modi and his Chinese counterpart Xi Jinping last met at the BRICS summit in Kazan. The two nations will likely focus on border disp...

JPMorgan de-dollarization Analysis is revealing how BRICS de-dollarization efforts are actually reshaping global markets right now, and the implications are bigger than most people realize. The banking giant’s research shows the JPMorgan US dollar future outlook is facing some unprecedented challenges as a global currency shift accelerates, with the impact of de-dollarization being felt across commodity markets, central bank reserves, and even international payment systems. Also Read: Morgan Stanley US Dollar Forecast Shows 2025 Turbulence, No Full Crash How JPMorgan Sees De-Dollarization Driving BRICS, Dollar, and Market Change Source: Watcher.Guru JPMorgan de-dollarization research is documenting structural changes that go way beyond normal market cycles. The bank’s Global Macro Research division has been tracking how BRICS de-dollarization initiatives are creating real alternatives to dollar-dominated systems. Well, it’s happening faster than expected. Luis Oganes,...

JP Morgan has acknowledged that de-dollarization is rising and is shaking the foundation of the US dollar. In a recent note to stakeholders, the global bank highlighted that the US dollar is prone to more weakness. This comes as the DXY index, which measures the USD’s value against a basket of currencies struggles in the charts. The index is barely sustaining above the 98 level and retraces to the 97-96 range immediately since five months. Julia Wang, JP Morgan’s Global Market Strategist wrote that various de-dollarization initiatives are driving the US dollar into weaker territory. For the uninitiated, the DXY index is down close to 10% year-to-date and is standing on a fragile knee. A 10% dip is the largest drop recorded since 1973 making the greenback a risky asset to trade in 2025. Other leading global currencies have slightly outperformed the USD in the forex markets this year. Also Read: More Nations Abandon US Dollar, Egypt PM Confirms Trend JP Morgan on De-Dollarizat...

The de-dollarization efforts pushed by developing countries have no challenging effects on the US dollar’s global supremacy, say central bankers. Trump’s economic policies made emerging economies gang up to start trading in local currencies to uproot the USD’s dominant status. Despite repeated attempts to topple the greenback, it is still the most widely used currency for trade and transactions. Also Read: Economic Risks of De-Dollarization: Emerging Markets To Suffer? Central Bankers Doubt If De-Dollarization Can Topple the US Dollar Source: Getty Images Central bankers gathered for an annual conference in Portugal and the summit included a talk by European Central Bank President Christine Lagarde. She argued that the euro could become an alternative currency to the US dollar but the de-dollarization shift won’t happen quickly. Lagarde explained that it requires extensive financial and trade reforms which Europe is not prepared to handle at this time. “For...

The number of countries embracing de-dollarization is rapidly growing, with over 50 nations actively shifting away from US dollar dominance right now, in 2025. This global economic transformation has actually accelerated in recent months, with an additional 14 countries joining the movement just in the past months. According to the most recent Analysis , about 46 countries have already switched to making transactions in national currencies, while 53 nations have also openly declared their opposition to the US currency. Also Read: Ethereum Pectra Upgrade Price: ETH Surges 18% to $2,200 De-Dollarization Countries: How Global Economies Are Moving Away from the US Dollar Source: Watcher Guru The shift from US dollar dominance has been embraced by both major economic powers and also developing nations alike. Countries implementing de-dollarization now include both established economies and emerging markets seeking financial sovereignty. Russian Foreign Minister Sergey Lavrov stated: “A...

The currency dynamics are changing at a rapid pace, with calls to dump the US dollar gaining widespread momentum. In other words, the world is now filled with calls for de-dollarization, with nations questioning the US dollar’s legitimacy as a reserve currency asset that has been highly weaponized in recent times. The matters have now been worsened due to Trump’s aggressive tariff regimes, compelling the world to find viable alternatives to the dollar. This quest to find a competitive US dollar replacement is leading nations to ditch the USD and find refuge in emerging new currencies that are defining the current financial landscape of the world. Also Read: 807M DOGE Transferred in Just 1 Minute: Is a Sell-Off Looming? Calls for De-Dollarization Gain Steam: Why? Source: iStockphoto The US dollar has remained the world’s leading currency, a reserve asset, for decades. This crown is now being sabotaged by active calls for de-dollarization, spurred primarily as trade war ...

Trump’s economic policies have made de-dollarization threats much more severe as his administration works to diminish the dollar’s traditional global financial dominance. At the moment of writing, the dollar’s status as the world’s reserve currency faces accelerated decline because of the April 2 2025 aggressive tariff announcement and other controversial actions taken by the Trump administration. Also Read: Ripple (XRP) Investment Analysis For 2025, 2026, 2030, & Beyond The Impact of Trump’s Tariffs, Global Trade Disruptions, and the Dollar’s Decline Source – Investopedia Trump’s Tariff Strategy Undermines Dollar Stability Trump’s new tariffs targeting U.S. trading partners have created unprecedented global trade disruption. Financial experts view this de-dollarization policy as an attempt at weaponizing economic advantages, which could lead to serious consequences. Edward Fishman, Gautam Jain, and Richard Nephew stated: “Com...

The superiority of the US dollar is declining every year as BRICS and other developing countries are working towards uprooting it from the world’s reserve currency status. The latest data had shown that the US dollar’s reserves around the world had already fallen below the 60% mark. The Atlantic Council reported that the US dollar’s global reserves fell to 59% last year. Also Read: BRICS: 2 Countries Settle Oil Trade in New Currency, Discard US Dollar That’s a gradual decline since 2002 when the global reserves in central banks stood at 72%. The last 23 years saw the USD reserves falling by 13% and the decline could continue further. The decrease falls in line with the BRICS agenda of de-dollarization where the US dollar’s dominancy is getting punctured. Also Read: BRICS: When Barack Obama Predicted the US Dollar’s Future BRICS: Global Invoices in the US Dollar Falls to 50% Source: Bertrand Langlois/ AFP via Getty Images / CNBC Jane Foley, Rabobank’s...

US President Donald Trump said that he threatened BRICS with 150% tariffs on goods if they seek an alternative currency to the dollar. The alliance of nine countries kick-started the de-dollarization agenda after the US pressed sanctions on Russia in 2022. China and Russia spearhead the initiative convincing developing countries to settle trade in local currencies. Also Read: BRICS Continue To Discuss Alternative Payment Options to the US Dollar “You know, the BRICS states were trying to destroy our US dollar. They wanted to create a new currency,” Trump said on Thursday when addressing the Republican Governors Association in Washington. He also suggested that the alliance wanted to use the Chinese yuan for trade settlements instead of the US dollar. “So, when I came in, the first thing I said is ‘any BRICS state that even mentions the destruction of the US dollar will be charged a 150% tariff,'” he noted. “We don’t want your goods,” the US P...

Trump-Xi talks reach a turning point with Trump’s invitation to Chinese President Xi Jinping to join his inauguration ceremony. This change in US-China relations matters now more than ever. De-dollarization threatens the US dollar’s world status, and these talks might be key to keeping global markets stable. Also Read: 48-Hour Ultimatum: SEC’s Gensler Threatens Elon Musk with Charges How China-US Relations and Trump-Xi Talks May Impact De-Dollarization Source: BBC Breaking 150 Years of Tradition Source: Statista The Trump-Xi talks break a long-standing pattern. Since 1874, no foreign leader has attended a U.S. presidential inauguration. Trump made this move even after promising to put 60% tariffs on Chinese products. The Chinese economy struggles with its own problems, making this meeting vital for both countries’ money matters and trade future. Xi’s Red Lines and Economic Stakes Xi has drawn clear lines for China-US relations. He wants no outside control over th...

Russia’s President Vladimir Putin proudly displayed a mock-up currency bill at the 16th summit in Kazan this year. The BRICS alliance clarified that the banknote is unofficial and was only a display presented by Putin. The theatrics of a BRICS currency followed Russia’s de-dollarization agenda to evade sanctions. Also Read: BRICS: India Extends CBDC Payments to New Countries However, the de-dollarization agenda has no takers even among the existing BRICS members. Countries like India, South Africa, and Brazil are slowly taking a step back as the dust settles after the summit. Only desperate countries like Russia, China, and Iran are advancing de-dollarization using BRICS as a stepping stone. Also Read: BRICS: Morgan Stanley Predicts the Future of the US Dollar BRICS: Russia & China’s De-Dollarization Plans Find No Takers Source: AtlanticCouncil.org No serious development about launching a new BRICS currency is taking shape within the bloc. The formation of a BRICS curr...