Wanted

Gold

<div class="watcher-guru">
 <p>The U.S. Treasury is offering higher yields from Q3 this year when compared to the returns fetched by other <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currencies. The U.S. dollar not only outperformed <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currencies, but also beat gold, oil and other commodities in September. The dollar reached a 10-month high on Wednesday, Oct. 4, 2023, as the DXY index touched 107. The greenback is just eight points away from reclaiming its 52-week high of 114. The development is the opposite of what <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> aims to achieve, as it wants to pull the <a rel="noopener noreferrer nofollow" title="US Treasury" href="https://thebittimes.com/tag/us-treasury.html">US Treasury</a> down.</p>
 <p><strong>Also Read: 10 U.S. Sectors To Be Affected If BRICS Stops Using the Dollar</strong></p>
 <p>Gold dipped to its seven-month low amid the rising US dollar in the global markets. In addition, oil prices hit a new low ahead of the OPEC meeting amid the dollar peak this week. So what’s happening here? Why is the U.S. dollar on a winning streak and adding pressure on other currencies and commodities markets?</p>
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 <p>In this article, we will highlight why the U.S. Treasury is offering higher yields instead of gold, oil, and <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currencies.</p>
 <p><strong>Also Read: South African President Makes Huge Announcement on <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> Expansion</strong></p>
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 <h2 class="wp-block-heading" id="h-us-treasury-offering-higher-yields-opposite-of-what-brics-wanted-to-destroy">US Treasury Offering Higher Yields: Opposite of What BRICS Wanted To Destroy</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="689" src="https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp" alt="US dollar king crown vs brics" class="wp-image-107463" srcset="https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp 1024w, https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp 300w, https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp 768w, https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp 380w, https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp 550w, https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp 800w, https://cdn.thebittimes.com/images/2023/10/05/914d6ac9ff95e30e201ae52afd4287af.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: nationalinterest.org
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 <p>The U.S. Treasury is offering higher yields every week as institutional and foreign investors are leaving lower-yield options. Leading currencies like the euro, pound and yen are ending on a low, making the U.S. dollar seem attractive. Foreign investors still believe that the U.S. dollar is the safest investment and are rushing towards the reserve currency.</p>
 <p><strong>Also Read: BRICS: Former Treasury Secretary Predicts Future of the US Dollar</strong></p>
 <p>The development is going in the opposite direction of what the BRICS bloc wanted to achieve against the U.S. dollar. BRICS tried to take on the dollar by dumping $123 billion in US government bonds last month. Despite the massive sell-off from BRICS, the U.S. Treasury bonds touched a 16-year high.</p>
 <p>However, the U.S. Treasury offering higher yields could be temporary as the economy is yet to get on track. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> announced previously that dethroning the US dollar is a long-term goal. Therefore, the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> alliance has many more shots to take that could uproot the U.S. dollar.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>BRICS Currency</li>
  <li>US DOLLAR</li>
  <li>US Treasury</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/why-is-the-us-treasury-offering-higher-yields-not-brics-currencies-tbt65185.html">https://thebittimes.com/why-is-the-us-treasury-offering-higher-yields-not-brics-currencies-tbt65185.html</a></p>

Why Is The US Treasury Offering Higher Yields & Not BRICS Currencies?

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