JPMorgan: Signs of De-Dollarisation Emerging on Wall Street

JPMorgan’s strategists state that de-dollarisation indicators are emerging in the global economy. The impact of US interest rate hikes and sanctions has led BRICs nations (Brazil, Russia, India, China, South Africa) to challenge the dollar’s dominance. Despite this, the dollar is expected to maintain its position for the foreseeable future. While overall dollar usage remains steady, its usage patterns exhibit greater variation.

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