Leading global bank HSBC has predicted the future of the US dollar forecasting how long the currency can stay as the world’s reserve. The prediction comes at a time when the BRICS alliance is looking to dethrone the US dollar from the global reserve currency status.
Read here to know how many sectors in the US will be affected if BRICS ditched the dollar for trade. The threat against the US dollar from local currencies remains high as developing nations are targeting the USD.
Also Read: BRICS: China Helps Taliban Sell $80 Million Worth Crude Oil in 10 Days
BRICS: HSBC Predicts the Prospects of the US Dollar
Source: Freepik.com
HSBC Securities Chief Commodities Analyst, James Steel remains positive that the US dollar will wither the storm initiated by BRICS. He said in an interview with Bloomberg that the US dollar has not faced any significant challenges except a blip in…
