Analysis Crypto by Thebittimes.Com

Borrowers in the emerging markets are tapping into euro bonds at a much faster rate since a decade as they review the US dollar’s decline. Traders are capitalizing on the rising demand for the euro and the broader diversification moving away from the US dollar. The development is being supported by demand for debt as the quality of the euro-denominated bonds looks attractive to investors. “If you have an ambition to issue in euros, this is the time to do it,” said Stefan Weiler, Head of Debt Capital Markets at JP Morgan. Apart from the US, Weiler also oversees the debt markets of Europe, the Middle East, and Africa. “Borrowers have been noticeably more active in diversifying and exploring also some niche markets,” he said. Euro debt is in an advantageous position as the US dollar has dipped 9.5% year-to-date. Also Read: China Invites 30 Countries to Discuss De-Dollarization at SCO Summit US Dollar Under Pressure as Euro Debt Gains Source: Shutterstock Although the euro-denominat...

The USA no longer seems to be the de facto global capital for investments as BRICS is grabbing a bigger pie of the financial share. Global investors are being defensive on the US dollar’s prospects as the DXY index fell to the 96 range early Thursday. Exposure to the US dollar-based assets has been its lowest since 2005, a recent report from the Bank of America read. BRICS members such as China, India, Brazil, and South Africa are receiving foreign funds from institutional clients, which were the de facto investments in the USA. The goalpost is being moved to the global south where developing countries are reaping the benefits of a weaker dollar. The focus on the Southeast region came after Trump imposed sweeping tariffs on trade this year. Also Read: BRICS Inspires 15 Countries To Use Homegrown Payment System USA Remains Market King But BRICS Aims To Dim the Power Source: fairobserver.com / Vladirina32 / ShutterStock The dollar is still the most potent currency but its power is g...