Report: US dollar to stay strong through 2023 before 'long goodbye' starts in 2024 recession
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ING report predicts the US dollar will remain strong through 2023 and 2024 despite pushback from BRICS countries.
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Report forecasts a US recession could hit in 2024, weakening the dollar and giving opportunities for other currencies like those of BRICS countries.
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Weak dollar during 2024 US recession could allow local BRICS currencies to gain strength if they are used more for trade.
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ING predicts "the dollar's long goodbye" could begin with 2024 US recession as world can "breathe" after dollar's dominance.
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If BRICS stops using dollar completely, many US sectors could be negatively impacted.