Listen "Bigger BRICS Renews Dollar Demise Talk, But In Vain: FX Moment"
Episode Synopsis
In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence chief G-10 FX strategist, and Stephen Chiu, BI chief Asia FX and rates strategist, look into how the recently announced plan for a larger BRICS has rekindled the de-dollarisation theme. Audrey and her colleague address the highly relevant economics and politics behind the BRICS extension and look into how this may impact de-dollarisation.
In practice, expect limited impact for decades to come, with the dollar unchallenged on the International Monetary System (for now), and the euro arguably more of a challenger than the yuan in the near term.
In practice, expect limited impact for decades to come, with the dollar unchallenged on the International Monetary System (for now), and the euro arguably more of a challenger than the yuan in the near term.
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