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UBS, a leading financial service provider, recently shared a new Analysis on the US Dollar. The firm was quick to note the recent dollar rallies, adding more power to the currency, but has also predicted a mild scope of volatility that may cause disruptions in the US dollar’s long-term scaling plans. Also Read: $200K Bitcoin (BTC) in Sight by 2025, Predicts Bitfinex UBS Predicts New Details About The US Dollar Source: iStock UBS, in a recently released statement, has outlined striking new pointers for investors to take note of. For instance, the financial giant believes the US dollar will continue to thrive as the strong US political momentum may help the currency establish strategic control. With Trump ascending towards the White House and pledging to protect the USD in the long haul, the current sentiment is pushing the USD to scale new highs, ushering in new gains for the greenback to bask in. “The second term of President Trump, along with the Republican Party’s control...

In what may be considered good news for the BRICS bloc, the European Central Bank has suffered its first major loss in 20 years. The bank reported an annual loss of 1.3 billion euros ($1.4 billion) for 2023, its first loss since 2004. The ECB had to pay out more due to higher interest rates due to global inflation. Furthermore, the Central Bank said following the posting that it expects further losses for the following few years. However, it ensures that these losses won’t affect the “ability to conduct effective monetary policy.” Interest rates in Europe went up to a record 4% between July 2022 and September 2023. The hikes were in part due to post-COVID-19 pandemic relief as well as Russia’s invasion of Ukraine. The invasion caused a loss of energy coming from the invading country. Additionally, the ECB shared a net interest loss of 7.19 billion euros in 2023, after a 900 million euro income in 2022.  Source: Pixabay Also Read: BRICS: South Africa ...