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 China's Growing Gold Appetite READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024 READ MORE Currency Made of Actual Gold Hoping to Reach Nevadan’s Wallets READ MORE Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job Growth READ MORE Gold Trades at Record Highs, But Will It Lose Its Shine? READ MORE Add a Comment Cancel replyYour email address will not be published.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