Local currencies prevail in Europe, and the dollar is increasingly declining
Unbeknownst to the general public, a monetary shift is happening in Europe. The US dollar is losing ground there. Since the beginning of the year, companies and foreign funds have demanded settlements in local currencies, revealing a strategic division at the heart of continental finance. This movement, far from being just stories, aligns with the ambitions of the European group, determined to undermine the dominance of the dollar. In fact, the very structure of international trade is faltering, driven by an emerging alliance seeking to achieve economic sovereignty.
The US dollar is losing its strength in Europe, as companies now request to conduct transactions in local currencies.
European banks and financial institutions are receiving increasing requests to bypass the dollar in settlements.
This development is part of the group's strategy to promote local currencies on the global stage.
Financial technology and increasing liquidity are now facilitating direct settlements between non-US currencies.
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