BRICS: Goldman Sachs Analyst Predicts the US Dollar’s Future
Goldman Sachs analyst has provided a gloomy prediction for the US dollar as BRICS aims to topple the US dollar from the world’s reserve currency. The US dollar is the worst-performing currency in the forex markets as the DXY index dipped below the 100 mark. It hit a low of 98.06 after falling from a high of 109.40 early this year. The greenback has dipped nearly 9% year-to-date and eight out of nine leading currencies outperformed it in 2025.
Also Read: BRICS Makes Huge Announcement On New Payment System
BRICS: Goldman Sachs on The US Dollar’s Future: ‘Weakness Is Here To Stay,’ Says Analyst
Kamakshya Trivedi, Head of Global FX at Goldman Sachs said that the US dollar’s weakness is here to stay. Trivedi explained that the geopolitical winds have changed as emerging economies are now looking at their own benefits similar to how the US does on foreign policies. The Goldman Sachs analyst remains bearish on the US dollar as BRICS and other countries are diversifying their reserves.
Also Read: De-Dollarization Reaches European Shores: EU Questions US Dollar Usage
“The US dollar weakness is here to stay. It’s going to persist, and it’s going to deepen,” said the analyst. He added, “I think the dollar weakness has further to run.” However, the Goldman Sachs analyst explained that the local currencies of BRICS countries do not pose a threat to the US dollar. Read here to know the eight currencies that outperformed the USD this year.
Also Read: Illinois Analyst Predicts If BRICS Currency Can Replace the US Dollar
He stressed that the euro and Japanese yen could rise as the greenback declines in the charts. “It’s going to be the euro or the yen in the lead. That’s your typical ultra-safe haven. And I think that we could be getting back to the low 130s in quick time if the labor market data in the US start to crack.” While BRICS currencies might not pull the US dollar down, the euro and yen could, said the Goldman Sachs analyst.
Read More
BRICS: Goldman Sachs Analyst Predicts the US Dollar’s Future
Goldman Sachs analyst has provided a gloomy prediction for the US dollar as BRICS aims to topple the US dollar from the world’s reserve currency. The US dollar is the worst-performing currency in the forex markets as the DXY index dipped below the 100 mark. It hit a low of 98.06 after falling from a high of 109.40 early this year. The greenback has dipped nearly 9% year-to-date and eight out of nine leading currencies outperformed it in 2025.
Also Read: BRICS Makes Huge Announcement On New Payment System
BRICS: Goldman Sachs on The US Dollar’s Future: ‘Weakness Is Here To Stay,’ Says Analyst
Kamakshya Trivedi, Head of Global FX at Goldman Sachs said that the US dollar’s weakness is here to stay. Trivedi explained that the geopolitical winds have changed as emerging economies are now looking at their own benefits similar to how the US does on foreign policies. The Goldman Sachs analyst remains bearish on the US dollar as BRICS and other countries are diversifying their reserves.
Also Read: De-Dollarization Reaches European Shores: EU Questions US Dollar Usage
“The US dollar weakness is here to stay. It’s going to persist, and it’s going to deepen,” said the analyst. He added, “I think the dollar weakness has further to run.” However, the Goldman Sachs analyst explained that the local currencies of BRICS countries do not pose a threat to the US dollar. Read here to know the eight currencies that outperformed the USD this year.
Also Read: Illinois Analyst Predicts If BRICS Currency Can Replace the US Dollar
He stressed that the euro and Japanese yen could rise as the greenback declines in the charts. “It’s going to be the euro or the yen in the lead. That’s your typical ultra-safe haven. And I think that we could be getting back to the low 130s in quick time if the labor market data in the US start to crack.” While BRICS currencies might not pull the US dollar down, the euro and yen could, said the Goldman Sachs analyst.
Read More