global perceptions of U.S. stability

global perceptions of U.S. stability

Blog Article

Financial centers around the world are beginning to hedge their bets. In London, the talk isn’t about Plaza 2.0 but about decoupling from the dollar altogether. Sovereign wealth funds in the Gulf are reportedly diversifying away from greenbacks, unnerved by both depreciation risks and U.S. political volatility. On May 16, Moody’s stripped the United States of its last pristine AAA credit rating, citing fiscal deterioration and political dysfunction. For the world’s supposed safe haven, that’s an unprecedented blow that signals a tipping point in global perceptions of U.S. stability. At the same time, BRICS countries are laying foundations for alternatives. In late May, the bloc announced the rollout of a blockchain-based payments infrastructure, dubbed BRICS Pay, to facilitate cross-border transactions in local currencies. Although far from a single สล็อต เว็บตรง