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 Gold’s Rally Leaves Some Market ExpertsBaffled READ MORE S&P 500 Hits 20th Record This Year in Risk-On Push: Markets Wrap READ MORE US Debt and the Rising Specter of Bond Vigilantes: A Financial Stability Threat? READ MORE January Inflation Breakdown READ MORE 15 Weakest Currencies in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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