President Trump saying he's prepared to punish countries that challenge the reserve currency status of the U.S. dollar. If we lost the the world standard dollar, that would be like losing a war, a major world war. We would not be the same country any longer.You ever hear the expression dollar is king, The dollar is king. We're going to keep it that way. Joining us now to discuss, Terry Wiseman of Macquarie.Terry, good morning. Good morning to you. Is the dollar still king. No, the dollar is not still king.T ...

Bricks is not, in my opinion, not a serious threat. But what they're trying to do is destroy the dollar so that another country can take over and be the standard. And we're not going to lose the standard at any time.If you have a smart president, you will never lose the standard. If you have a stupid president like the last one, you would lose the standard. You wouldn't you wouldn't have the dollar as you.And if we lost the uh the world standard dollar, that would be like losing a war, a major world war. We ...

As de-dollarization gains momentum, rising central bank gold purchases and widening currency swings signal that investors should hedge by keeping a modest 5%–10 % gold allocation and diversifying into select assets not denominated in dollars. https://t.co/2pZJqHeXkg ...

Summary of the BRICS+ Payments System Conference Call Industry Overview - The document discusses the evolving payments system among BRICS+ countries, focusing on the de-dollarization efforts and the development of independent payment infrastructures separate from US and Western systems [2][4][11]. Key Points and Arguments 1. **De-dollarization Debate**: The debate on the US dollar's reserve currency status is intensifying due to geopolitical fragmentation and the use of financial sanctions by the US and its allies [2][4]. 2. **BRICS+ Payment Sovereignty**: BRICS+ countries are pursuing 'payments sovereignty' by developing independent payment infrastructures, which are at various stages of discussion and implementation [4][11]. 3. **Challenges to Alternative Systems**: Geopolitical factors and divergent national objectives among emerging market countries pose significant challenges to establishing an alternative payments system, rather than technical barriers [4][8]. 4. **Multi-CBDC Platform**: The potential for a multi-Central Bank Digital Currency (CBDC) platform is highlighted, with several BRICS+ countries advancing their domestic digital payment infrastructures [4][9]. 5. **Role of Multilateral Institutions**: Institutions like the AIIB and NDB are seen as foundational for an alternative international financial system, although they currently lack sufficient liquidity support mechanisms [4][11]. 6. **SWIFT and CHIPS**: The document emphasizes the importance of SWIFT and CHIPS in the current global payments architecture, with the dollar accounting for nearly half of all SWIFT transactions [27][31]. 7. **BRICS+ Leaders Summit**: The upcoming BRICS+ leaders summit in Rio de Janeiro is expected to focus on trade, investment, and finance, but no major announcements regarding de-dollarization are anticipated [11][50]. Additional Important Content 1. **Historical Context**: BRICS countries have long opposed the existing international financial architecture, advocating for greater representation of emerging economies [6][38]. 2. **Geopolitical Dimensions**: The geopolitical landscape, particularly following Russia's invasion of Ukraine, has intensified discussions around reducing reliance on the dollar [40][41]. 3. **Future Initiatives**: Various proposals for de-dollarization are being discussed, including a BRICS common currency and cross-border payment initiatives, though many remain in the proposal stage [51][54]. 4. **Political Will**: The main hurdle to establishing an alternative payments architecture is political will, as diverging objectives within BRICS+ countries complicate consensus [9][40]. 5. **US Response**: The US has expressed concern over BRICS+ de-dollarization efforts, with former Treasury Secretary Janet Yellen emphasizing the importance of protecting the dollar [47][48]. This summary encapsulates the critical insights from the conference call regarding the BRICS+ payments system and the ongoing efforts towards de-dollarization, highlighting both the challenges and potential pathways forward.

Financial coercion gives U.S. policymakers a powerful, low-cost lever, but each time the dollar is weaponized, it also incentivizes foreign actors to consider de-dollarization. https://t.co/YJqzV2M9go ...

Investors will shift increasing amounts of cash coming from US investment-grade bonds to Europe as the “de-dollarization” theme is gaining traction, according to Deutsche Bank AG strategists. https://t.co/QCcfIwvSuK ...

Key focus and themes Global Markets Research Foreign Exchange Asia exJapan/Euro Area/Europe Softer USD drivers back in focus Considering June NFP (3 July), Trump's "Big Beautiful Bill" (4 July) and the tariff deadline (9 July), where do you expect EUR/USD to trade in two weeks (current spot: 1.17)? | | ★★★★★ | | Top 5 FX and Rates Trades | | ★★★★★ | | | --- | --- | --- | --- | --- | --- | --- | | Countries | Trade | bp move | bp move from | Target | Timeline | Conviction (0-5) | | | | from start | current | ...

Key focus and themes Global Markets Research Foreign Exchange Asia exJapan/Euro Area/Europe Trump's possible diplomacy; Powell; impending tariffs Which of the following most closely matches your expectations for the IsraelIran conflict over the next two weeks? | Fig. 1: Top five top­conviction strategy trades in order (scale 1­5) | | --- | | ★★★★★ | | | Top 5 FX and Rates Trades | | ★★★★★ | | | --- | --- | --- | --- | --- | --- | --- | | Countries | Trade | bp move | bp move from | Target | Timeline | Convi ...

The Flow Show The Eurovision Long Contest Scores on the Doors: gold 28.4%, commodities 7.8%, stocks 6.9%, govt bonds 6.2%, IG bonds 6.1%, HY bonds 5.4%, oil 4.8%, cash 2.0%, US dollar -8.8%, crypto -14.1% YTD. Tale of the Tape: $3.9tn BofA private client assets of which Magnificent 7 stocks = 14.8% (common stocks & ETFs), US Treasury bonds (2-30-year) = 3.6%, international stocks = 3.4% (common stocks & ETFs), and gold = 0.4% of AUM. The Biggest Picture: client feedback from London/Europe on Iran, geopoliti ...

J P M O R G A N Asia Pacific Emerging Markets Research 11 June 2025 China Local Markets 2H25 Outlook Not an easy time Executive summary Emerging Markets Strategy Tiffany Wang AC (852) 2800-1726 tiffany.r.wang@jpmorgan.com J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited Arindam Sandilya (65) 6882-7759 arindam.x.sandilya@jpmorgan.com JPMorgan Chase Bank, N.A., Singapore Branch See page 9 for analyst certification and important disclosures. www.jpmorganmarkets.com {[{LFSl ...