Future

<div class="watcher-guru">
 <p>The US dollar is on a winning streak as it dethroned nearly 20 leading global currencies this month. In the last 30 days, the US dollar overtook all <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currencies and several other currencies from the West to the East. The US dollar is now ahead of all the currencies that previously threatened its existence. The greenback outperformed currencies from both the developed and developing nations in the last 30 days.</p>
 <p><strong>Also Read: IMF Predicts the Future of the U.S. Economy</strong></p>
 <p>The development comes at a time when the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> alliance is looking to dethrone the US dollar from the global reserve currency status. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> failed to uproot the US dollar’s dominancy despite multiple efforts, which included convincing other countries to ditch the USD.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p>Here’s the list of 20 countries, including BRICS nations, which the US dollar outperformed since last month.</p>
 <ol>
  <li>Mexico (Peso) -3.78%</li>
  <li>Brazil (Real) -3.24%</li>
  <li>Turkey (Lira) -3.22%</li>
  <li>Russia (Ruble) -3.03%</li>
  <li>Norway (Krone) -2.49%</li>
  <li>UK (Pound) -2.13%</li>
  <li>Israel (Shekel) -2.00%</li>
  <li>Switzerland (Franc) -1.88%</li>
  <li>Indonesia (Rupiah) -1.74%</li>
  <li>Euro -1.43%</li>
  <li>Denmark (Krone) -1.38%</li>
  <li>Malaysia (Ringgit) -1.32%</li>
  <li>South Africa (Rand) -1.31%</li>
  <li>Japan (Yen) -0.88%</li>
  <li>South Korea (Won) -0.59%</li>
  <li>Australia Dollar -0.31%</li>
  <li>Canada Dollar -0.23%</li>
  <li>Argentina (Peso) -0.17%</li>
  <li>Singapore Dollar -0.13%</li>
  <li>India (Rupee) -0.12%</li>
 </ol>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: Malaysia Announces To Eliminate the US Dollar For Global Trade</strong></p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <h2 class="wp-block-heading" id="h-us-dollar-triumphs-over-brics-currencies-gold-oil-amp-commodities">US Dollar Triumphs Over BRICS Currencies, Gold, Oil, &amp; Commodities</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="U.S. Dollar USD vs other world global native local currency" class="wp-image-98787 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp 300w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp 768w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp 380w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp 550w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp 800w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp.webp 1040w" data-srcset-img="https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 1024w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 300w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 768w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 380w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 550w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 800w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 1040w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp" alt="U.S. Dollar USD vs other world global native local currency" class="wp-image-98787" srcset="https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 1024w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 300w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 768w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 380w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 550w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 800w, https://cdn.thebittimes.com/images/2023/10/11/ac26b41e74517507819387e061d03d52.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: Freepik.com
  </figcaption>
 </figure>
 <p>The US dollar not only outperformed the other currencies and other leading currencies, but it also overtook gold, oil, and commodities. The rise of the greenback is weakening various other tenders disrupting the import and export sectors. While the US is reaping the rewards, the developing nations are now at the receiving end.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> to Completely Ditch the US Dollar in 3 Years</strong></p>
 <p>Nonetheless, the phenomenon could be temporary as the markets regularly shift in dynamics according to the economy. Therefore, the US dollar remaining on top of other currencies might be short-lived due to the nature of the markets. In conclusion, the US dollar is beating <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currencies currently, but the tides could turn in the coming years.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>US DOLLAR</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brics-us-dollar-outperforms-20-currencies-in-a-month-tbt65983.html">https://thebittimes.com/brics-us-dollar-outperforms-20-currencies-in-a-month-tbt65983.html</a></p>

BRICS: US Dollar Outperforms 20 Currencies in a Month

Table of Contents

TheBitTimes

Other articles published on Oct 11, 2023

Binance Faces Legal Troubles in Brazil: CEO and Executives Recommended for Indictment

8 Thousand Dollar Ethereum Prediction from Standard Chartered! Here is History!

Binance blocks accounts connected to Hamas at the request of Israel

$SSV Price Dropped 10% Over Last 24 Hours as SSV Network Founder Got Drafted

Unlocking the Potential of AI-Human Collaboration in the Modern Workplace

Bitcoin Price Drops Below $27,000, Fed and Treasury Statements Affect Crypto Market

Join our free newsletter for daily crypto updates!