BRICS: Scotiabank Says US Dollar To Fall in 2024 Scotiabank has forecasted a downturn for the US Dollar in 2024, influenced by the strengthening of the BRICS alliance and ongoing global inflation trends. Over the past year, the BRICS countries have seen an increase in their economic significance, partly due to Western sanctions which have accelerated their de-dollarization efforts. These developments are expected to further diminish the value of the US Dollar, particularly in its exchange rates against other major global currencies. Scotiabank’s analysis suggests that the concerted efforts of the BRICS nations to reduce dependency on the US Dollar, combined with inflationary pressures, will contribute to the dollar’s depreciation in the upcoming year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Sound Money Legislation Rapidly Gaining Traction in Many US States READ MORE Fed Policymakers Suggest Three Cuts This Year READ MORE Oil Prices Climb as Netanyahu Rejects Hamas Cease-Fire Deal READ MORE Investors Hold Breath as CPI and Retail Sales Data Loom READ MORE ECB's Lagarde: Services Inflation Need Not Hit 2% for Rate Cut Considerations READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment