The newest knowledge from Reuters reveals that the US greenback fell in opposition to eight out of 9 main currencies in 2025. Whereas main currencies weakened after Trump gained the election in November, issues took a U-turn after he was sworn on this January. Trump repeatedly threatened BRICS and different nations with commerce penalties by way of tariffs in the event that they ditch the US greenback.
The US greenback dipped in opposition to all main currencies this 12 months however solely outperformed the Canadian greenback by a small margin of 0.1%. Whereas the BRICS alliance couldn’t topple the US greenback, the buck is now damaging itself from inside by way of tariffs. Beneath is the record of main currencies that the US greenback has dipped in 2025:
- Swedish crown -8.6%
- Norwegian crown -6.5%
- Japanese yen -6.2%
- Euro -5.7%
- British pound -3.6%
- Swiss franc -2.6%
- New Zealand greenback -2.44%
- Australian greenback -2.03%
BRICS: US Greenback Dips Towards 8 Out of 9 Main Currencies
The DXY index, which measures the efficiency of the US greenback in opposition to a basket of six main currencies has fallen to the 103.60 mark. The US greenback is down near 4.65% year-to-date which is the largest downfall in latest occasions. It fell from a excessive of 109.60 to a low of 103.20 this 12 months in 2025. BRICS performed no function in weakening the US greenback however the buck was strangled by the White Home.
The Trump-induced tariffs are making the buck weaker as different main currencies rally within the foreign exchange markets. Since BRICS now stays within the shadows, the US greenback remains to be going through resistance because the commerce wars kick-start. US allies, together with many nations in Europe, detest Trump’s tariffs because it dismantle the pleasant ties cast by way of generations. The bitterness is on open show as European Union leaders known as for the EU to scale back dependency on the US.
