De-Dollarization Index

A global government-bond selloff pushed the dollar to a 17-month high against the euro, supported by higher U.S. yields, inflation concerns and worries about European public finances. The move underscores continued demand for dollar assets despite longer-term diversification efforts.

BRICS leaders backed stronger cross-border payment links and greater use of local currencies but did not advance a common currency. Analysts view this as a pragmatic shift toward payment infrastructure and settlement networks that reduce reliance on the dollar rather than an attempt to replace it ou