BRICS Shakes the Throne: Standard Chartered & Deutsche Bank Forecast Dollar’s Decline

The US dollar’s reign faces its stiffest challenge yet—and the BRICS alliance might just land the knockout punch.

Banking giants Standard Chartered and Deutsche Bank are sounding the alarm: the greenback’s dominance is slipping. As BRICS nations push de-dollarization, the financial world braces for a seismic shift.

One cynical take? Wall Street’s still betting on the dollar—because nothing fuels innovation like clinging to outdated monopolies.

BRICS: The US Dollar’s Future Is in Danger, Say Standard Chartered & Deutsche Bank

Standard Chartered & Deutsche Bank wrote in their latest report that the US dollar is in danger, not just from BRICS, but from everyone.wrote Standard Chartered Global FX head Steve Englander. The strategist explained that the new trade policies have caused a long-term strain eroding confidence in the WHITE House.

After Standard Chartered, Deutsche Bank wrote that the US dollar WOULD face trouble not only from BRICS but from within. Deutsche Bank analysts wrote that Trump’s tax-cut bill would add $3 trillion to $5 trillion to the nation’s fiscal debt. The projection estimates that the extended debt could be added over the years. America’s debt already stands at $36.2 trillion in May 2025 and is spiraling out of control.

wrote George Saravelos, Global Head of FX Research at Deutsche Bank. Therefore, both Standard Chartered and Deutsche Bank are bearish on the prospects of the US dollar.