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A handful of financial sectors in the U.S. earn profits as the world transacts in the USD for goods and services. If the new BRICS currency gains trust and strengthens itself in the global A handful of sectors could face losses if BRICS currency becomes the newest method to settle international trade agreements. In this article, we will highlight which If the new BRICS currency gains trust and strengthens itself in the global markets, the U.S. dollar could be on a path of decline. Also, the U.S. will have no means to The launch of a new currency by the BRICS alliance could have far-reaching consequences for the U.S. economy, affecting various financial sectors. The U.S. is currently Currently, around eight financial sectors in the U.S. could be affected if BRICS launch their new currency in the markets. The U.S. sectors that could be impacted by the

The launch of a new currency by the BRICS alliance could have far-reaching consequences for the U.S. economy, affecting various financial sectors. The U.S. is currently Currently, around eight financial sectors in the U.S. could be affected if BRICS launch their new currency in the markets. The U.S. sectors that could be impacted by the success of this new currency are varied and complex, and understanding them is crucial for investors and policymakers alike.

8 Financial Sectors in the US Potentially Affected by BRICS Currency Launch

A handful of financial sectors in the U.S. earn profits as the world transacts in the USD for goods and services. If the new BRICS currency gains trust and strengthens itself in the global markets, the U.S. dollar could be on a path of decline. Also, the U.S. will have no means to directly control the money supply in those transactions. A handful of sectors could face losses if BRICS currency becomes the newest method to settle international trade agreements. In this article, we will highlight which sectors are most vulnerable:

  1. Currency Trading/Forex: A significant portion of Forex trading involves USD pairs. A strong BRICS currency could diminish USD trading volume.
  2. Treasury Securities: Reduced global demand for US Treasury securities could lead to higher interest rates.
  3. Banking Sector: American banks facilitating international transactions may see reduced profits if settlements shift to the BRICS currency.
  4. Investment Funds: Funds heavily invested in US dollar-denominated assets may experience lower returns.
  5. Insurance Industry: Insurers holding significant US Treasury bonds could face potential losses.
  6. Commodities Market: Pricing of commodities, traditionally done in USD, could see a shift, impacting US-based commodity traders.
  7. Real Estate: A weaker USD could impact foreign investment in US real estate, potentially leading to price adjustments.
  8. Technology Sector: U.S. tech companies reliant on international sales may face currency exchange challenges and reduced competitiveness if the USD weakens significantly.

If the new BRICS currency gains trust and strengthens itself in the global markets, the future impact on these sectors could be substantial, requiring proactive strategies for mitigation and adaptation.

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