Lately the dollar and BRICS ( Brazil, Russia, India, China and South Africa ) have been the talk of the town.
BRICS would like to introduce their own currency to compete with the dollar and become the most used currency in the future.
However, there are problems, such as the fact that not all countries may agree and that many countries have huge debts in dollars. So I think it will be decades before any major change comes.
On Wednesday, a 25bp interest rate hike was announced in the US, as you all know.
Further, not much is known about what will come later this year, whether rates will stay or whether interest rates will go up or down.
It depends on how inflation and the job market are doing.
Can you post how you view the situation in the US and what impact you think the new currency that is expected to become the most widely used currency could possibly have on the economy and stocks.