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The US dollar has become a very controversial currency to explore at the moment. With Donald Trump leaving no stone unturned to strengthen the US economy, his idea of imposing tariffs on nations is backfiring, sparking trade war narratives to gain momentum. With this development, the dollar is losing its credibility at a rapid pace, with countries busy scurrying for alternatives. Here are three able US dollar alternatives that have been gaining widespread momentum, detailing the US dollar authority on a global pedestal. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD 3 Leading US Dollar Contenders On The Rise 1. Cryptocurrencies Beating US Dollar Source: Watcher Guru The US dollar is now facing stiff competition as alternative assets like cryptocurrency are regularly gaining traction at a global pace. One of the prime examples of this is Russia’s increased usage of cryptocurrencies such as Bitcoin, Ethereum, and stable...

In what is an immensely important development for the US economy, the latest Consumer Price Index report shows that inflation fell to 2.5% in August 2024. The development is massively important to the Federal Reserve, as they look to issue their first interest rate cuts in more than four weeks. The expectation is that those cuts will come as early as next week. Although the inflation data is still above the Fed’s 2% target, circumstances have pushed cuts ahead of schedule. Currently, the CME Group FedWatch tool predicts a 71% chance of a 25 basis point cut during the next FOMC meeting on September 17th. BREAKING: US inflation falls to 2.5%, lower than expectations. — Watcher.Guru (@WatcherGuru) September 11, 2024 Also Read: US Economy Is Slowing Down, Showing Signs Of A Possible Decay US Inflation Falls Below Expectations for August 2024 The United States economy has long been languishing in a state of fragility. Following the continued pandemic recovery, the Federal Reserv...