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 <p>The world’s leading bank and financial institution, <a rel="noopener noreferrer nofollow" title="JP Morgan" href="https://thebittimes.com/tag/jp-morgan.html">JP Morgan</a>, analyzed the <a rel="noopener noreferrer nofollow" title="De-dollarization" href="https://thebittimes.com/tag/de-dollarization.html">De-dollarization</a> efforts initiated by the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> alliance. The U.S. dollar is at risk of losing its global reserve status as <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> countries use local currencies for trade settlement. In a recent <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, <a rel="noopener noreferrer nofollow" title="JP Morgan" href="https://thebittimes.com/tag/jp-morgan.html">JP Morgan</a> predicted the future of the U.S. dollar after facing threats from the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> bloc. The institution studied the risk of <a rel="noopener noreferrer nofollow" title="De-dollarization" href="https://thebittimes.com/tag/de-dollarization.html">De-dollarization</a> across the world as other currencies look to become the global reserve.</p> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: China Aiming to Bring Down the U.S. Economy</strong></p> 
 <h2 class="wp-block-heading" id="h-brics-jp-morgan-predicts-how-long-u-s-dollar-could-remain-global-reserve">BRICS: JP Morgan Predicts How Long U.S. Dollar Could Remain ‘Global Reserve’</h2> 
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   <img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp" alt="As the Crypto Market Bounces Back, JPMorgan Sees Increased Crypto Retail Demand" class="wp-image-44841" srcset="https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 1024w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 300w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 768w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 1536w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 380w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 550w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 800w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 1160w, https://cdn.thebittimes.com/images/2023/09/05/75e3bca7f2e90339dcfc762ee613acf2.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: New York Post 
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 <p>JPMorgan’s Global Research published a report titled <strong>“<a rel="noopener noreferrer nofollow" title="De-dollarization" href="https://thebittimes.com/tag/de-dollarization.html">De-dollarization</a>: Is the U.S. dollar losing its dominance?”</strong> Alexander Wise, who authored Strategic Research at JPMorgan, said that the Chinese Yuan is the only contender that is looking to topple the U.S. dollar.</p> 
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 <p>The report outlined two scenarios that could stand a chance of eroding the U.S. dollar’s global reserve status. The first scenario is when the global financial situation turns worse, making the U.S. dollar lose stability in the markets. The second scenario could be caused by external factors outside the U.S. when other countries boost their native currencies as an alternative settlement tender.</p> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> GDP in Purchasing Power Parity Reaches 37% Of the Global Economy</strong></p> 
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  <img decoding="async" width="1024" height="671" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="US Dollar bill" class="wp-image-102256 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 300w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 768w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 380w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 230w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 260w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 550w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 800w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp.webp 1263w" data-srcset-img="https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 1024w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 300w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 768w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 380w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 230w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 260w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 550w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 800w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 1160w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 1263w" data-eio="j"> 
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   <img decoding="async" width="1024" height="671" src="https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp" alt="US Dollar bill" class="wp-image-102256" srcset="https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 1024w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 300w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 768w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 380w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 230w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 260w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 550w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 800w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 1160w, https://cdn.thebittimes.com/images/2023/09/05/38110edd5cd125e7b37aa2b786911764.webp 1263w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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 <p>If other countries provide safety and security when the U.S. dollar is down, it could lead to the decline of the greenback. However, JP Morgan noted that both scenarios need to eclipse each other to challenge the U.S. dollar. These two developments need to occur simultaneously to take on the USD.</p> 
 <p><strong>Also Read: How Much Oil &amp; Commodity Expanded <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> Control?</strong></p> 
 <p><strong>“The first (scenario) includes adverse events that undermine the perceived safety and stability of the greenback. And the U.S.’s overall standing as the world’s leading economic, political, and military power,”</strong> the global investment bank detailed. <strong>“The second factor involves positive developments outside the U.S. that boost the credibility of alternative currencies, economic and political reforms in China, for example,”</strong> it wrote.</p> 
 <p>However, the chances of these two developments occurring on top of each other remain slim. The U.S. dollar remains the de facto supreme currency, and the Chinese Yuan comes nowhere close to threatening it. Therefore, the BRICS bloc might not dethrone the U.S. dollar anytime soon, according to JP Morgan.</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>BRICS</li> 
  <li>De-dollarization</li> 
  <li>JP Morgan</li> 
  <li>US DOLLAR</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brics-jp-morgan-predicts-the-future-of-the-u-s-dollar-tbt61595.html">https://thebittimes.com/brics-jp-morgan-predicts-the-future-of-the-u-s-dollar-tbt61595.html</a></p>

BRICS: JP Morgan Predicts the Future of the U.S. Dollar

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