BRICS: Morgan Stanley Predicts Future of the U.S. Dollar
Leading global investment bank Morgan Stanley published a new report predicting the future of the U.S. dollar. The prediction comes at a time when BRICS is looking to dethrone the U.S. dollar as the world’s reserve currency. Morgan Stanley weighed in on the threat from BRICS, CBDCs, Bitcoin, and stablecoins that are aiming to uproot the U.S. dollar’s hegemony. A handful of contenders, apart from BRICS, are in the race to cut ties with the U.S. dollar and make their currency supreme, said Morgan Stanley. Also Read: Saudi Arabia To Decline BRICS Membership? Read here to know how many sectors in the U.S. will be affected if BRICS stops using the dollar for trade. The move will hamper the U.S. dollar’s prospects leading to hyperinflation and job cuts in the homeland. BRICS: Morgan Stanley Predicts U.S. Dollar’s Future Amid Global Scrutiny Source: Watcher Guru The report from Morgan Stanley stressed that the U.S. dollar “is being increasingly scrutinized,” across the globe. Fr