What is your understanding or predictions for these currencies ... It's going to be stronger or going to lose its values in the near future.  Please rank it or give it an order at least.

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What is your understanding or predictions for these currencies ...
It's going to be stronger or going to lose its values in the near future. 
Please rank it or give it an order at least.

What is the future of these currencies like $ € £.

Security Engineer

What is the future of these currencies like $ € £.- Grapevine

Welcome to Personal Finance's Private Community

Will US dollar crash ?

Software Developer

Welcome to News Discussion's Private Community

Dedollarization is in progress, says Russian FM Lavrov

It's true, yet it's surprising that more people aren't discussing these global issues:

- China is dumping US Treasury bonds at a record scale.

- JPY is worst-performing currency among G10. 
Japan, one of the largest holders of US Treasuries, could stabilize its currency by selling bonds in the open market.

- The primary reason for the USD's demand, the Petro-Dollar agreement, whichrecently expired after 50 years.

- Major oil-producing countries, aside from Saudi Arabia, are showing interest in joining BRICS. Saudi Arabia is considering the both options.

- Central banks across the globe are increasingly accumulating precious metals(Gold & Silver)

- There is a rise in bilateral agreements between countries, focusing on trading with their own currencies.

- BRICS might launch their commodity based currency in upcoming BRICS summit in Oct 2024 at Russia.

- If Saudi Arabia joins BRICS, the alliance will control 42% of the global oil and gas sector. 

This isn’t the first time the world has tried to move away from the USD. In the past, Africa and Europe attempted to dedollarize with their own currencies but ended up falling into the same trap.

Once BoJ starts dumping their T$, US is going to be in deep trouble. Things might change post US Presidential elections…!!!

#BRICS #NATO #Finance #Economy #GeoPolitics

Dedollarisation

Business Analyst

Looks like INR is heading for a sharp depreciation against USD
Any thoughts..?

USD/INR

Quant Trader

2001 was a Dot Com collapse.
2008 was a banking collapse that hit IT too.
This year first it was the Tech companies and now its the Banking, Financial Sector that is getting hit, making it the worst of all recessions.
And its expected to get worse with Fed likely to hike up interest rates.

Its like this year we are having the worst of both 2001 and 2008.

Tough times ahead

Software Engineer

My view on the Stock market in 2024 :-

Market will rise till March - April 2024 Nifty 23-24k, then will fall, the fall depends on election results
If BJP wins which market is expecting then still the market will fall by 10-15% (Nifty 20-21000) because of buy on rumor and sell on news behavior.
If congress wins then the market may fall by 20-25%(Nifty 18-19000) because of the discontinuity of the current government.
Then the market will start recovery by September.

What do you guys think ?

Stock Market prediction 2024

Which platform is easiest to use? I want to buy 10k worth of crypto.

How to buy crypto

Product Owner

It is said, "Once An Accident, Twice A Coincidence, Three Times A Pattern".

But is it or is it really a tulip mania sold to public again and again? 

What is some ground breaking use case of crypto ? 
When will chatgpt moment for Blockchain occur?

Bitcoin crosses 50,000 $ and become member of 1 trillion club again for the third time.

Crypto experts need your take on below 
1) Best platform for crypto trading in India?
2) Best crypto to invest in? Ethereum is my best bet due to its underlying applicability. 
3) Is now a good time to invest in crypto?

Best platform for crypto trading in India

Product Manager

I have had so many conversations about AI with so many different people. These innovations and advancements are more scary than exciting. I am 25, and I love what I do, and I want more of it. I don't know guys, it's like either turn a blind eye to these events or start figuring out other stuff, because at the end I need to make money.

Devin and now Figure

Product Designer

..unless either of the two mess up insanely bad

We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that.

Internal reasons that are very hard to fix:-

(1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news.

(2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers.

(3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively.

I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:-

(1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices.

(2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

Controversial: India will never overtake China or US

Let's do our part, instead FOMO, have an abundance mindset,keep building and shipping.

What is the future of these currencies like $ € £.

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