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 Source: iStock 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 Billi...