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 Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation READ MORE Currency volatility: Will US dollar strength continue? READ MORE Gold Faces a Lackluster January with a Close Eye on the Fed READ MORE Investing in Canadian Gold Coins: A Comprehensive Guide for 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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