BRICS Currencies Outperform Slipping Dollar, Highlighting Reduced U.S. Economic Dominance

The U.S. dollar has slipped this week due to economic pressures, with 10 local currencies outperforming it
Two BRICS country currencies, the Chinese Yuan and Indian Rupee, were among the top performers against the dollar
Other top performers included the Malaysian Ringgit, Australian Dollar, Japanese Yen, and Philippine Peso
BRICS countries are pushing for reduced reliance on the U.S. dollar as a reserve currency
If BRICS countries ditch the dollar for trade, many U.S. sectors could be impacted