Trump Weaponizing Dollar Seen as a Needless BRICS Provocation [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams In Traffic-Weary Toronto, a Battle Breaks Out Over Bike Lanes Dollar dominance looks set to continue for the foreseeable future and emerging nations' idea of setting up their own single currency is “hot air,” said Mark Sobel, a retired 40-year veteran of currency policy who worked at the US Treasury. Others say Trump's comments may actually increase the likelihood of such agreements being made as countries look for ways to avoid the greenback. Trump on the weekend warned the so-called BRICS countries he would require a commitment that they wouldn't create a new currency as an alternative to using the greenback, and repeated threats to levy a 100% tariff if they did. The comments, made Saturday in a post to his Truth Social network, echo those he used in his election campaign. “The dollar remains dominant for several reasons: the USD is the most liquid currency in the world, trades freel
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