Why the BRICS are important for FX Traders

Posted in US | Trade Tap Blog | Trading Knowledge
4 minute read
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We look at how the member nations are progressing and how the South African Rand, the newest member currency, has performed against the US Dollar.

How were the BRICS started?

The BRICS are more than just an emerging market trade

Varied central bank themes

The De-dollarization movement

Brazil

Russia

India

China

Follow-BRICS-1
SOURCE: tradingeconomics.com, 10/24/23

South Africa

Follow-BRICS-2
SOURCE: tradingview.com, 10/30/23

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