Dollar could suffer temporarily if Saudi Arabia joins the BRICS grouping

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Dollar could suffer temporarily if Saudi Arabia joins the BRICS grouping
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Economists at ING look out for BRICS expansion news today. Expansion tops the agenda Expansion tops the agenda and names in the frame we think could b

Expansion tops the agenda and names in the frame we think could be the United Arab Emirates, Egypt, and Bangladesh – all of which joined the BRICS New Development Bank in 2021.

It would be a massive surprise were Saudi Arabia to join the grouping, which would inevitably lead to speculation over Oil being priced in non-Dollar currencies and a headline that may temporarily hit the US Dollar.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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