JP Morgan Downplays USD, Predicts BRICS Member China & India’s Rise
Leading investment bank JP Morgan has downgraded the USD prospects this year and projected the rise of emerging economies such as BRICS members China and India. The US dollar has been slipping south for four months and finding it harder to recover in the DXY index. The USD has fallen to the 98 range and is failing to hold on to its resistance level. Every time the index touches the 100 mark, it dips to the 99 to 98 level instantly.
Also Read: Can BRICS Topple the US Dollar? Brazil Central Bank Director Explains
BRICS Markets Are Lucrative, JP Morgan Downplays USD’s Growth in 2025
JP Morgan wrote in its latest research piece that the US dollar may remain soft in 2025 while BRICS members China and India’s local currencies and the broader markets could rise. The global bank is bullish on emerging markets (EM) as it is now receiving an influx of funds from institutional clients and hedge funds.
Also Read: De-Dollarization: New Bloc Ditches US Dollar for $100 Billion Trade
“USD could stay soft this year, which would help EM assets (BRICS),” read the JP Morgan report. “EM historically traded inversely to the dollar. And the big question is whether the last 15 years’ downtrend in EM and the strong USD could be ending.”
“Within EM, we think (BRICS members) China could be of interest. With CSI potentially catching up with H-shares, as well as India and Brazil,” wrote JP Morgan downplaying the USD’s prospects. Read here to know how much investment has been poured into China in 2025.
Also Read: BRICS: Demand For US Dollar Grows in Oil Payments, Local Currency Dips
BRICS countries such as India, China, and Brazil are seeing an inflow of funds as the USD declines, says JP Morgan. “We recognize that in the near term, the chances are that US bond yields move up, potentially driven by prospects of more aggressive tax cuts being attempted in the backdrop of elevated deficits, and by the likely US inflation prints pickup on tariffs follow through” read the report.
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BRICS: 44 Countries Align With De-Dollarization Agenda
JP Morgan Downplays USD, Predicts BRICS Member China & India’s Rise
Leading investment bank JP Morgan has downgraded the USD prospects this year and projected the rise of emerging economies such as BRICS members China and India. The US dollar has been slipping south for four months and finding it harder to recover in the DXY index. The USD has fallen to the 98 range and is failing to hold on to its resistance level. Every time the index touches the 100 mark, it dips to the 99 to 98 level instantly.
Also Read: Can BRICS Topple the US Dollar? Brazil Central Bank Director Explains
BRICS Markets Are Lucrative, JP Morgan Downplays USD’s Growth in 2025
JP Morgan wrote in its latest research piece that the US dollar may remain soft in 2025 while BRICS members China and India’s local currencies and the broader markets could rise. The global bank is bullish on emerging markets (EM) as it is now receiving an influx of funds from institutional clients and hedge funds.
Also Read: De-Dollarization: New Bloc Ditches US Dollar for $100 Billion Trade
“USD could stay soft this year, which would help EM assets (BRICS),” read the JP Morgan report. “EM historically traded inversely to the dollar. And the big question is whether the last 15 years’ downtrend in EM and the strong USD could be ending.”
“Within EM, we think (BRICS members) China could be of interest. With CSI potentially catching up with H-shares, as well as India and Brazil,” wrote JP Morgan downplaying the USD’s prospects. Read here to know how much investment has been poured into China in 2025.
Also Read: BRICS: Demand For US Dollar Grows in Oil Payments, Local Currency Dips
BRICS countries such as India, China, and Brazil are seeing an inflow of funds as the USD declines, says JP Morgan. “We recognize that in the near term, the chances are that US bond yields move up, potentially driven by prospects of more aggressive tax cuts being attempted in the backdrop of elevated deficits, and by the likely US inflation prints pickup on tariffs follow through” read the report.
Читать больше