3 BRICS Countries Dump $18.5 Billion in US Treasuries

BRICS members: India, Brazil, and China are consistently dumping the US treasuries by offloading billions worth of government bonds.

  • The trio are looking to keep the US dollar from ending on a high against their respective local currencies.

The US dollar is now at a 10-month high against BRICS currencies and the developing nations are selling US treasuries to keep their currency from ending on a low.

  • The rising US dollar is worrisome for BRICS as it impacts their import and export sector.

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