Cable Update (GBPUSD)

Quoting dantpm

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{quote} Kind of pausing and contemplating what news would or could come from the BRICS and the first things that come to my mind are the ongoing US/Ukraine war with Russia and the proposed US war with China sort of deals with a big chunk of the BRAZIL, RUSSIA, INDIA, CHINA core of the BRICS. What more news did you expect? They did expand their membership. They continue to trade.

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Quoting dantpm

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{quote} BRIC is about trading without US$. Not sure how that devalues the US$. Not trading with US$ removes demand for currency and the US would have to cut money supply to maintain the value of the US$. Theses are the only tools the FED has. Other branches of government have other tools.

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Quoting Robinhood1

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{quote} There is a war Elite VS whoever. We don't get to know the details yet. Loads of politicians and vips executed. We will be living in a better world Post 2031/2

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Quoting dantpm

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Hopefully with the temporary suspensions of Peter and FX#'s some of the great contributors to this thread will reconsider abandoning it! If they come back as disruptive, I would support getting them blocked from the thread!

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Quoting dantpm

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Hopefully with the temporary suspensions of Peter and FX#'s some of the great contributors to this thread will reconsider abandoning it! If they come back as disruptive, I would support getting them blocked from the thread!

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Quoting Jolita

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{quote} US dollar is world's reserve currency. BRICS are creating a new money exchange commodity. This will devalue dollar, but new rules can be broken if there is no alternative.

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Quoting dantpm

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Hopefully with the temporary suspensions of Peter and FX#'s some of the great contributors to this thread will reconsider abandoning it! If they come back as disruptive, I would support getting them blocked from the thread!

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Quoting dantpm

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{quote} Kind of pausing and contemplating what news would or could come from the BRICS and the first things that come to my mind are the ongoing US/Ukraine war with Russia and the proposed US war with China sort of deals with a big chunk of the BRAZIL, RUSSIA, INDIA, CHINA core of the BRICS. What more news did you expect? They did expand their membership. They continue to trade.

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Quoting Fardeen1209

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{quote} I think majority of the BRICS member CB's Balance Sheet will reduce their balance sheet on US treasuries and Dollar, while start accumulating the BRICS Countries' treasuries and currencies, to facilitate the flow of trade amongst themselves. Similarly, when BRICS invite Oil countries, this will reduce the petro-dollar trade.

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Quoting Fardeen1209

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{quote} When they start dumping the US treasuries, it might lift yield, hence dollar. It is not immediate effect where the US economy will be left with a large amount of printed money (excess money supply), so cutting money supply will not be enough, but treasuries department also need to reduce their new bond issuance which induced FED to buy them, hence primary dealer. The question i asked, is liquidity on the international market will reduce, and spread may become wider? My 2 cents

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Quoting dantpm

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{quote} If you examine Chinese holding of US debt you will notice that it has been declining for several years now. Chinese trade with Iran has grown in spite of US prohibitions about trading with Iran. Saudi agreed to trade oil with China for Yuan. These are just a few examples that show that the change has been happening for years already. It could be that as a result of these changes the US is trying to start wars to prop up the demand for their currency but that doesn't appear to be working in the US's favor right now.

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