Weaker Dollar Incoming? BRICS Nation China’s Yuan Could Be Massively Undervalued Versus USD: Report

Weaker Dollar Incoming? BRICS Nation China’s Yuan Could Be Massively Undervalued Versus USD: Report

New data suggests China’s yuan is significantly undervalued against the US dollar, potentially leading to a stronger yuan and a weaker dollar. BRICS nations, including China, are increasingly seeking to reduce dependency on the US dollar in international trade.

BRICS Nations China, India and Brazil Dump $28,800,000,000 in US Treasuries As JPMorgan Chase Forecast ‘Net Bearish’ on US Dollar

BRICS Nations China, India and Brazil Dump $28,800,000,000 in US Treasuries As JPMorgan Chase Forecast ‘Net Bearish’ on US Dollar

BRICS nations China, India, and Brazil dump $28.8 billion in US Treasuries, aligning with JPMorgan Chase’s bearish forecast on the US dollar. This move signals a shift in global financial strategies and potential reduced reliance on the US dollar.